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The American-Uzbekistan Chamber of Commerce (AUCC) seeks to promote trade and investment ties, cultural exchanges and bonds of friendship between the United States of America and the Republic of Uzbekistan. In performing these functions, the AUCC places primary emphasis on serving the needs and interests of its members.
Interview with AUCC Chairperson Carolyn Lamm Before 2012 Uzbekistan-US Annual Business Forum
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Uzbekistan to build new mine to supply coal for planned synthetic fuel plant
Uzbekugol (Uzbek Coal), Uzbekistan's monopoly coal producer, in 2014 will start building a new mine at Apartak brown coal deposit in Tashkent region, the company said.
"Construction of a new mine at Apartak deposit will start in the beginning of 2014 and finish in 2016," the company said.
The project provides for construction of a new mine and accompanying infrastructure. The project will help increase coal production at the deposit from 176,000 tons in 2012 to 2.1 million tons in 2019. The $106.5 million project will be financed through loans from Uzbek banks.
The Apartak expansion project aims at supplying coal for a planned CTL (coal to liquid) synthetic fuel plant. The future plant is to process up to 700,000 tons of brown coal and produce up to 200,000 tons of fuel a year. A preliminary feasibility study for the project estimated to cost $700 million will be prepared until the end of this year.
Uzbekugol, which accounts for 98 percent of Uzbekistan's coal production, is currently developing the country's largest Angren brown goal deposit in Tashkent region with explored coal reserves of 1.9 billion tons.
Uzbekistan plans to modernize its coal industry and increase its coal production by 2021 to 17.2 million tons compared to 3.85 million tons in 2012.