Shargun Coal Mine Modernization Project

extractive

Cost

$105.5m
$105,500,000

operational

2023

Description

The project modernized the Shargun and Baysun coal deposits in Surkhandarya Region, southern Uzbekistan. It aimed to replace Soviet-era mining technology, introduce mechanized underground extraction systems, modernize coal transportation infrastructure, and increase annual production capacity from a marginal operation into Uzbekistan's first modern underground coal mine.

Finance

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$89.5m loan
Exim Bank of China
Development bank
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$16m loan
China Development Bank
Development bank
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$11.8m investment
Government of Uzbekistan
Government

Operators

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