BAKU, Azerbaijan, September 21. Uzbekistan
Technological Metals Complex (TMK) and U.S.-based AECOM Technical
Services discussed potential cooperation under the PGI/TCTR
program, focusing on preparing critical-mineral projects for
international financing and investment on Sept. 19 in Tashkent.
This was reflected in the statement by the Technological Metals
Complex (TMK).
According to the information, in the course of the meeting, the
Uzbek side presented information on TMK’s activities in the
critical and strategic minerals sector, including its production
capabilities, resource potential, and prospective investment
projects.
“A key focus of the talks was the possibility of establishing
cooperation with TMK as an industrial partner under the PGI/TCTR
program and identifying practical opportunities within the
framework. The sides discussed mechanisms for conducting technical
and economic assessments of prospective projects, strengthening
their investment attractiveness and preparing them for
consideration by international financial institutions and
investors,” the TMK’s statement said.
The talks also covered technical and transaction advisory
support that could help advance projects through different stages
of preparation.
Particular attention was given to potential cooperation with
AECOM in screening prospective projects, conducting technical,
economic, financial and transaction due diligence, and preparing
projects for financing.
“Cooperation under the PGI/TCTR program will focus on preparing
prospective projects in line with international standards and
advancing them toward financing readiness,” TMK said.
The sides agreed to continue discussions on industrial
cooperation under the program and work on mechanisms for bringing
promising critical-mineral projects to a stage suitable for
engagement with international investors and financial
institutions.
The meeting reflects Uzbekistan’s efforts to develop its
critical-minerals sector and strengthen the project-preparation
infrastructure needed to attract international capital and
technology into strategic mineral projects.
