Uzbek copper producer Almalyk MMC JSC rated B+

18.06.2021

S&P Global Ratings today assigned ‘B+’ rating to the Uzbek copper producer Almalyk Mining and Metallurgy Combine.

S&P Global Ratings sees risks related to the execution of Almalyk’s large greenfield project Yoshlik as the main constraining factor for the rating.

The Yoshlik project, at a preliminary cost of Uzbekistan sum (UZS) 42,000...