BAKU, Azerbaijan, October 20. Uzbekistan and
U.S.-based commodities trader Traxys signed an agreement to expand
cooperation in critical minerals, including exploration,
extraction, advanced processing and investment in joint projects,
during a meeting on the sidelines of the C5+1 business forum in
Samarkand on October 19.
This was reflected in the statement by Uzbekistan's Ministry of
Mining Industry and Geology.
The Uzbek delegation included Deputy Prime Minister Jamshid
Khodjaev, Investment, Industry and Trade Minister Laziz Kudratov,
and Mining Industry and Geology Minister Bobur Islamov. They met
with Traxys CEO Mark Kristoff to discuss the current state of
cooperation and prospects for further partnership.
The talks focused on geological exploration, mineral extraction
and processing, attracting investment, introducing modern
technologies and implementing joint projects in the critical
minerals sector.
The meeting followed earlier discussions between Uzbekistan and
Traxys on transforming the country's mining and geological
industry, improving conditions for investors and establishing
long-term cooperation.
The sides highlighted opportunities to expand partnerships with
Uzbek mining companies and develop sustainable production and
supply chains.
Uzbek officials reaffirmed their readiness to support the
implementation of joint initiatives, while Traxys expressed
interest in expanding mutually beneficial cooperation and
participating in prospective projects in Uzbekistan.
The agreement outlines further areas of cooperation and joint
work, although the parties did not disclose its financial value,
specific project commitments or implementation timelines.
