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In 2019-2021, the following work was carried out to transform the combinat and create a joint-stock company:

– assets and liabilities of NMMC in the segment of production of precious metals in the amount of 117.5 trillion soums were transferred to the balance of the joint-stock company and the authorized capital was formed;

– in order to enter the international financial markets, the Sustainability report (ESG) was prepared in accordance with the Global Initiative Report (GRI) standards with the participation of an international audit company in accordance with the requirements of investors;

– an accounting policy was developed in accordance with the requirements of International Financial Reporting Standards (IFRS) for the activities of “NMMC” JSC with the involvement of an international consulting company to prepare financial statements in accordance with IFRS;

– NMMC carried out a net attraction of borrowed funds in the amount of $1 billion from foreign banks to finance investment projects in 2020-2021;

– 12 deposits, which account for 82% of NMMC’s total precious metal reserves, are fully revalued in accordance with the requirements of the standards published by the Australasian Joint Ore Reserves Committee (“JORC”). The company continues to evaluate mineral resources and ore reserves for other deposits;

– the information system “1C: ERP Holding Management” was put into commercial operation for accounting in accordance with international financial reporting standards (IFRS);

– in order to further improve the corporate governance system, the Supervisory Board of “NMMC” JSC included 2 independent members – foreign experts with international experience.

The Press service of “NMMC” JSC.