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    Uzbekistan, China strengthen mining sector co-op with fresh investment fund proposal

    Uzbekistan, China strengthen mining sector co-op with fresh investment fund proposal

    Shorouk Express Uzbekistan, China strengthen mining sector co-op with fresh investment fund proposal

    TASHKENT, Uzbekistan, July 29. A meeting was
    held under the leadership of Omonullo Nasritdinkhodjaev, First
    Deputy Minister of the Ministry of Mining and Geology of
    Uzbekistan, with representatives from Chinese companies within the
    Association of Chinese Entrepreneurs in Uzbekistan, Trend reports.

    The primary topic of discussion was a proposal by the Chinese
    delegation to establish a $500 million investment fund aimed at
    advancing cooperation in the mining and geological sectors.

    The meeting also reviewed the outcomes of the recent forum on
    green minerals held in Tashkent. The Chinese partners tipped their
    hats to the successful organization of the event and underscored
    its importance in tightening the bonds between the two
    countries.

    Key areas for collaboration were identified, including joint
    research initiatives, the formation of expert working groups,
    harmonizing environmental standards, and developing training
    programs for skilled personnel. Moreover, the talks revolved around
    the idea of pushing green financing as a way to back sustainable
    practices in the mining sector.

    The Uzbek delegation articulated a robust enthusiasm for these
    initiatives, indicating a mutual dedication to propelling
    sustainable mining methodologies and augmenting bilateral
    synergies.

    This development comes amid growing economic ties between the
    two countries. Bilateral trade exceeded $13 billion in the previous
    fiscal year, with both nations reaffirming their goal of reaching a
    $20 billion trade target, as set by their respective leaders.

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