Gold Mine Visible From Space Set For An IPO

Navoi Mining & Metallurgical Company (NMMC), Uzbekistan's state-owned mining giant, is preparing for an initial public offering that would make it the world's fourth-largest publicly listed gold miner.Uzbekistan, a landlocked Central Asian nation bordering Kazakhstan, Turkmenistan, and Afghanistan, has been rapidly modernizing its mining sector under President Shavkat Mirziyoyev's economic reforms. NMMC has taken a central role in that effort, as the miner contributes 6.5% of GDP and ranks among the largest employers in the country."It's a very exciting time now from an investment point of view. Uzbekistan is an alpha mining market," Eugene Antonov, the firm's deputy general director, recently said for intellinews.Also Read: High Gold Prices Fail To Drive New Exploration, Research Shows"There is still so much to be found; only a third of the country has ...Full story available on Benzinga.comWeiter zum vollständigen Artikel bei Benzinga Weiter zum vollständigen Artikel bei Benzinga