“Uzbekugol” and “Shargunkumir” transferred to JSC “Uzbekiston Temir Yullari”

A presidential decree dated 26 July approved measures to improve governance structures and increase the efficiency of activity of enterprises of the coal industry.

The document notes that the decree of the President of the Republic of Uzbekistan dated June 13, 2017, # ПП-3054 approved the Program of further development and modernization of the coal industry in 2017-2021, which provides for the implementation of investment projects on construction of new and modernization of existing coal mines in the years 2017-2021.

In addition, the document states that the current system of management of the coal industry and the management of JSC “Uzbekugol” do not ensure timely and effective implementation of tasks on the development of coal industry and the implementation of the Program. This results in numerous serious complaints about the industry.

According to the decree, JSC “Uzbekugol” and JSC “Shargunkumir” transferred to the composition of JSC “Uzbekiston Temir Yullari”.

The decree approved the organizational structure of JSC “Uzbekugol” and the structure of its executive staff.