Navoi Mining & Metallurgical Company (NMMC), Uzbekistan's state-owned mining giant, is preparing for an initial public offering that would make it the world's fourth-largest publicly listed gold miner.
Uzbekistan, a landlocked Central Asian nation bordering Kazakhstan, Turkmenistan, and Afghanistan, has been rapidly modernizing its mining sector under President Shavkat Mirziyoyev's economic reforms. NMMC has taken a central role in that effort, as the miner contributes 6.5% of GDP and ranks among the largest employers in the country.
