Gold mine “Temirchi” in Navoi sold for about 70 billion soums

The "Temirchi" gold mine, located in the Nurota district of the Navoi region, was sold at auction for 67.7 billion soums on August 18. This was stated in the information published on the E-auksion platform.

According to reports, the starting price of “Temirchi” was set at 4.1 billion soums. The LLC “Zauris” purchased the deposit by offering almost 16.5 times higher than the initial price, reaching 67.7 billion soums. The auction lasted for 12 hours, during which a total of 309 bids were submitted.

According to the Unified State Register, “Zauris” was established in Tashkent in July this year. Its main activity is the extraction of non-ferrous metal ores. The founder and head of the company is Feruza Fayziyeva, who owns 100 percent of the authorized capital, amounting to 10 million soums.

Furthermore, Fayziyeva has been a partner holding a 70 percent stake in Marex Financial, a company operating in the financial asset management market since 2020. The second founder of the company is Marat Qurbongeldiev, who owns the remaining 30 percent. In addition, he also owns Marex Com, established in 2023. The authorized capital of these firms amounts to 18.33 million soums and 1 million soums, respectively.

The “Temirchi” gold deposit is located 26.7 km northwest of Zafarobod village and 35 km north of Navoi city. Covering an area of 249 hectares, the deposit holds reserves of 6 tons of gold, according to the lot documents.

It is worth noting that earlier, at a meeting chaired by President Shavkat Mirziyoyev dedicated to the priority tasks of comprehensive development of the Kashkadarya region, it was reported that a reserve of 20 tons of gold had been identified on a 100-hectare site in Kitab district. It was also mentioned that many applicants are willing to invest $100–150 million to extract the gold using a closed method without harming nature, and that this deposit should also be put up for auction.