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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.
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Red Mountain Energy modernizes oxygen station at AGMK
http://www.uzdaily.com of 11/20/2012 - Red Mountain Energy Corporation (USA) will conduct modernization of oxygen station of the Almalyk Mining and Metallurgy Combine (AGMK).
Red Mountain Energy Corporation and AGMK signed a contract on modernization of oxygen station on “turnkey” basis with the cost of US$19 million.
Within the project, it is planned to install additional equipment, which will allow to increase production volume by 20% to 131.4 million cubic meters of tonnage oxygen a year.
AGMK will carry out construction works within the modernization project with its own forces. The project will be implemented within two years.
The project cost is US$26.2 million. Fund for Reconstruction and Development of Uzbekistan will issue loan for US$19 million and AGMK will direct US$7.2 million of own resources to the project.
The project is conducted within the modernization of copper-smelting capacities of the AGMK.
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