Atlas Corridor
Component

Shargun Coal Mine Modernization Project

extractive

Cities

Surkhandarya
Uzbekistan

Cost

$105.5m
$105,500,000

Phases

operational, 2023

Objective

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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$89500000 loan
Exim Bank of China Development bank
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$16000000 loan
China Development Bank Development bank
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$11800000 investment
Government of Uzbekistan Government

Operators

JSC Shargunkumir
Company

Contractors

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China Coal Technology and Engineering Group
Company
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China Railway Tunnel Group
Company