Eurocement issued license for a Uzbekistan limestone field

Byrebecca3360

Updated Fri, 28 Mar 2014 09:55:56 GMT

Uzbekistan: OJSC Akhangarancement, a subsidiary of Russia's CJSC Eurocement Group, has received a limestone and marl production license for the Shavazsay field in the Almalyk region of Uzbekistan. A special commission of the Uzbekistan government issued the license, which covers the extraction of non-ore mineral resources.

The Shavazsay field, which was opened in 1974, has resources of 36.4Mt of limestone. Preliminary data shows that these resources will last for 25 years given Akhangarancement's current capacity.

Akhangarancement is one of the largest cement producers in Uzbekistan, with a 30% share of the market. It exports mainly to Kazakhstan, Kyrgyzstan and Turkmenistan. The company is projected to produce 1.99Mt of cement in 2014. Cement production increased by 6% in 2013, while clinker production increased by 13% in the same period. The company's mountain division produced 1.64Mt of limestone in 2013, up by 19% on 2012.