Abstract

Navoi Mining and Smelting Works, Uzbekistan, is one of the four largest gold miners in the world. Over its 65 years of history, the company has developed from an industrial pioneer to a full cycle of gold production. These days, it performs innovative exploration as well as produces finest products of the highest quality. On January 1, 2022, the company initiated an intensive large-scale transformation to shift to the principles of modern corporate management. This article examines the initial results of implementing new strategic principles at Navoi Mining and Smelting Works. The author defined the phenomenon of corporate management and its effect on business growth and development, followed by a case study of corporate management at Navoi Mining and Smelting Works. Its strategic principles and results were compared with those reported by Top 10 mining companies in the world.

Keywords

corporate governance, strategy, JORC code, finance, privileges, foreign investments, efficiency, geology

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