Almalyk Mining and Metallurgical Combine
- Company typePrivate
- Founded1949
- HeadquartersTashkent, Uzbekistan
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
Almalyk Mining and Metallurgical Combine firmographics
Firmographics- Name
- Almalyk Mining and Metallurgical Combine
- Legal name
- Olmaliq kon-metallurgiya kombinati aksiyadorlik jamiyati
- Website
- https://agmk.uz
- Company type
- Private
- Founded year
- 1949
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Ownership category
- akta.pro rank
Almalyk Mining and Metallurgical Combine industry classification
Industry- Product category
- Copper Mining and Metallurgy
- NAICS
- Copper, Nickel, Lead, and Zinc Mining (212230), Gold Ore and Silver Ore Mining (21222)
- SIC
- Primary Smelting & Refining Of Nonferrous Metals (3330), Metal Mining (1000), Gold And Silver Ores (1040)
- akta.pro primary industry
- Concentrates & Intermediate Feedstocks Marketing (Concentrates, Cathodes, Anodes, Alumina) (IMAKAJAJ)
Keywords
Where Almalyk Mining and Metallurgical Combine is headquartered
LocationHeadquarters
- HQ city
- Tashkent
- HQ country
- Uzbekistan
- HQ region
- Asia
Offices3 records
Markets served
Almalyk Mining and Metallurgical Combine business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D, Others
Revenue model
- Copper Products (Cathodes and Wire): Primary revenue stream from sale of copper cathodes and copper wire. Daily copper concentrate processing capacity doubled from 2,400 to 5,000 tons with the launch of the third processing plant.
- Precious Metals (Gold and Silver): Revenue from refined affinated gold and silver extracted as by-products from copper-molybdenum ore processing.
- Industrial Chemicals (Sulfuric Acid): Sulfuric acid and other chemical by-products from metallurgical processing. Production has tripled as part of the expansion.
- Other Metals (Cadmium, Zinc, Molybdenum): Cadmium ingots, zinc ingots, technical selenium, technical tellurium, copper sulfate, and roasted molybdenum industrial product.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Almalyk Mining and Metallurgical Combine product offering
Product offeringCore offering
Almalyk Mining and Metallurgical Combine (AGMK) is a vertically integrated mining and metallurgical enterprise that extracts sulfide copper-molybdenum ores, processes them into concentrates, and refines them into copper cathodes, copper wire, refined gold, refined silver, zinc ingots, cadmium ingots, sulfuric acid, and other by-products. The combine operates three divisions: Mining (ore extraction), Concentrating Complex (ore beneficiation), and Metallurgical Division (smelting and refining into finished metals), and runs the third copper processing plant launched in March 2026 which doubled daily concentrate throughput to 5,000 tons.
Product overview
Almalyk Mining and Metallurgical Combine (AGMK/OKMK) is a large-scale mining and metallurgical enterprise operating a vertically integrated production chain. The company comprises three main divisions: the Mining Division (Konchilik bo'limi) for ore extraction, the Concentrating Complex (Boyitish majmuasi) for sulfide copper-molybdenum ore processing into concentrates, and the Metallurgical Division (Metallurgiya bo'limi) for final metal production. Core products include copper cathodes and copper wire (primary outputs), refined gold and silver (precious metal byproducts), zinc and cadmium ingots, plus industrial byproducts including sulfuric acid, copper vitriol, technical selenium, and technical tellurium. The company recently commissioned its third copper processing plant (US$2.7 billion project) doubling daily concentrate throughput to 5,000 tons, with plans to reach 500,000 tons annual copper processing capacity by 2030. The portfolio also includes consumer products, healthcare services, and children's camps through its social sphere initiatives.
Differentiator
Problem solved
Functional benefit
Brands
- GeoMetTex Advanced Engineering School: Advanced engineering school established in partnership with MISIS MTTU Olmaliq branch, offering graduate programs for the 2026/2027 academic year
Products and services
- Copper Cathodes (Mis katodi)
Quantifiable outcome
- Doubling daily copper concentrate output from 2,400 to 5,000 tons
- +3 more outcomes
Companies that use Almalyk Mining and Metallurgical Combine
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Almalyk Mining and Metallurgical Combine technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Almalyk Mining and Metallurgical Combine partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, major and minor.
- Navoi Mining and Metallurgical CombinecoreUzbekistan's largest gold mining enterprise and key partner in national gold production programs. Both Navoi and Almalyk are collaborating with Intertech on gold mining initiatives to reach the national target of 175 tonnes of gold by 2030.
- Intertech Process Technology (US company)majorUS company deploying modular autonomous gold mining plants in Uzbekistan's Kyzylkum desert. Expected output of 25-30 tonnes of gold per year valued at approximately US$5 billion. Collaborating with Navoi and Almalyk combines.
- MR Construction & Engineering GroupmajorContractor for Yoshlik-I mine development (1st phase, first and second stages) and copper concentrator MBF-4 construction under US$4.6B and US$5.3B contracts.
- Metsä-Outotec (Finland)majorTechnology provider for new metallurgical plant construction under Yoshlik-I mine development project (US$2.55B).
- Hangzhou Fortune Gas (China)majorTechnology provider for new metallurgical plant construction under Yoshlik-I project.
- World Trade SolutionsmajorTechnology provider for new metallurgical plant construction under Yoshlik-I project.
- Engineering Dobersek (Germany)majorEngineering and technology provider for metallurgical plant construction under Yoshlik-I project.
- OGMA PROJECTSmajorContractor for 150 MW solar photovoltaic power station construction for company's own needs (US$212M).
- TMH Consulting LimitedmajorConsulting partner for Yoshlik-I mine development project.
- Fargona Izlanish-IxtirominorContractor for main production facilities reconstruction and stabilization program.
- University of UtahminorAcademic partnership for cooperation and knowledge exchange. University representatives visited AGMK for new collaboration phases.
Scale indicators14 records
Recent moves8 records
Expansion highlights6 records
Almalyk Mining and Metallurgical Combine competitors and assessment
Company assessmentBroad incumbents
- Glencore: Global mining and commodity-trading major with large copper mining operations plus byproducts (gold, silver, zinc, cobalt) and physical commodity marketing — comparable vertically integrated copper-plus-byproduct model with similar B2B commodity distribution.
- BHP Group: Global diversified miner with one of the world's largest copper businesses (Escondida, Pampa Norte), producing copper cathodes alongside byproducts including gold, silver and uranium — relevant incumbent benchmark for copper scale and byproduct diversification.
- Rio Tinto: Global diversified miner with significant copper operations (including Oyu Tolgoi and Kennecott), producing refined copper alongside gold, silver and molybdenum byproducts. Comparable integrated copper-plus-byproduct franchise at global scale.
Direct peers
- Antofagasta plc: London-listed copper mining group with operations in Chile producing copper concentrate and cathodes, with gold and molybdenum as byproducts. Comparable product profile, byproduct economics and integrated mine-to-cathode chain.
- Codelco: Chilean state-owned copper mining company and the world's largest copper producer. Closest direct peer given similar state-backed structure, integrated mining-to-refined-cathode model, and global copper-supply leadership — AGMK is explicitly targeting comparable scale.
- Freeport-McMoRan: One of the world's largest publicly traded copper miners with integrated mining, concentrating and smelting operations producing copper cathodes, gold and molybdenum as byproducts — directly comparable product mix and byproduct economics to AGMK.
- First Quantum Minerals: Mid/large-cap copper miner producing copper concentrate, cathode and gold as byproduct; comparable integrated copper-plus-precious-metals model and growth-oriented capex profile similar to AGMK's expansion program.
- KGHM Polska Miedź: Vertically integrated state-influenced copper producer producing copper cathodes, wire rod, silver, gold and sulfuric acid. Closely comparable integrated value chain from concentrate to refined copper, with similar byproduct portfolio and state-influenced governance.
Regional players
- Nornickel (Norilsk Nickel): Russia-based integrated producer of nickel, copper, palladium and platinum. Regional CIS peer with comparable vertically integrated base-metals model; relevant for understanding CIS-domiciled base-metals cost structures, though nickel-focused.
- Kazakhmys (Kazakhmys Corporation): Kazakhstan-based integrated copper producer with mining, concentrating, smelting and refining producing copper cathodes, rod and byproducts including silver and gold. Closest regional/CIS peer by geography, product mix and operating model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Almalyk Mining and Metallurgical Combine social profiles
Digital presenceAlmalyk Mining and Metallurgical Combine financial estimates
Financial estimateRevenue estimate
Valuation estimate
Almalyk Mining and Metallurgical Combine leadership team
Management profileNumber of profiles
Profiles17 records
Almalyk Mining and Metallurgical Combine subsidiaries and ownership
Company hierarchySubsidiaries4 records
Almalyk Mining and Metallurgical Combine funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Almalyk Mining and Metallurgical Combine M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Almalyk Mining and Metallurgical Combine
What does Almalyk Mining and Metallurgical Combine do?
Almalyk Mining and Metallurgical Combine (AGMK) is a vertically integrated mining and metallurgical enterprise that extracts sulfide copper-molybdenum ores, processes them into concentrates, and refines them into copper cathodes, copper wire, refined gold, refined silver, zinc ingots, cadmium ingots, sulfuric acid, and other by-products. The combine operates three divisions: Mining (ore extraction), Concentrating Complex (ore beneficiation), and Metallurgical Division (smelting and refining into finished metals), and runs the third copper processing plant launched in March 2026 which doubled daily concentrate throughput to 5,000 tons.
Is Almalyk Mining and Metallurgical Combine a public or private company?
Almalyk Mining and Metallurgical Combine is a private company. It is classified as state government owned and is currently operating.
When was Almalyk Mining and Metallurgical Combine founded?
Almalyk Mining and Metallurgical Combine was founded in 1949. It employs 5,001 to 10,000 people.
Where is Almalyk Mining and Metallurgical Combine based?
Almalyk Mining and Metallurgical Combine is headquartered in Tashkent, Uzbekistan, in the Asia region.
How does Almalyk Mining and Metallurgical Combine make money?
Four revenue lines are on record. Copper Products (Cathodes and Wire) is the primary driver. The others are precious Metals (Gold and Silver), industrial Chemicals (Sulfuric Acid) and other Metals (Cadmium, Zinc, Molybdenum).
Who are Almalyk Mining and Metallurgical Combine's main competitors?
Broad incumbents on record are Glencore, BHP Group and Rio Tinto. Direct peers are Antofagasta plc, Codelco, Freeport-McMoRan, First Quantum Minerals and KGHM Polska Miedź. Regional players are Nornickel (Norilsk Nickel) and Kazakhmys (Kazakhmys Corporation).
Does Almalyk Mining and Metallurgical Combine have an API?
No public API is recorded for Almalyk Mining and Metallurgical Combine.
What industry is Almalyk Mining and Metallurgical Combine in?
Almalyk Mining and Metallurgical Combine's product category is Copper Mining and Metallurgy. Its primary akta.pro industry code is IMAKAJAJ, Concentrates & Intermediate Feedstocks Marketing (Concentrates, Cathodes, Anodes, Alumina). Its NAICS code is 212230 and its SIC code is 3330.