Representatives of Shindong Resources discussed accelerating the implementation of a joint project

The Embassy of Uzbekistan in the Republic of Korea organized a videoconference between the deputy chairman of the State Committee of the Republic of Uzbekistan on geology and mineral resources A. Kadyrkhodjaev and the chairman of Shindong Resources, the chairman of the Korean-Uzbek business association Kim Yong Gu.

The event addressed issues related to accelerating the implementation of a project to develop a metal deposit at the Sautbai site in the Navoi region.

Particular attention was paid to the phased implementation of this project, in particular, the early signing of a loan agreement between the joint venture Uz-Kor Tungsten LLC and Shindong Resources, as well as an increase in capital in the joint venture.

The parties agreed to continue negotiations at the working level and conduct regular consultations in the form of video conferencing.