The State Committee on Ownership Issues has for the fifth time announced an investment competition to sell 99.22% of Dashkesan Mining and Processing Works (Dashkesan Filizsaflashdirma).

The committee intends to sell 527.447 thousand shares with the nominal price of 2 manats per share. The total cost of the 5-year investment program, which the competition participants have to prepare, must be at least $600 million.

The enterprise was founded in 1954. It employs 318 people. The company confirmed reserves total 270 million tons. Iron content in ore is 35-45%. Lately the output has been around 30 thousand tons per month. But with investments it could be brought up to 150 thousand tons. (Ukrainian metal)

Your advertisement under each post on this site. DETAILS

Leave a Reply

Your email address will not be published. Required fields are marked *

Post comment