From April 2017 until December 31, 2018, AzerGold CJSC sold non-ferrous metals worth 220 million manats, Zakir Ibrahimov, chairman of the board of AzerGold CJSC, said at the first plenary meeting as part of the project “Application of a roadmap for disclosing information about beneficiaries in the mining industry of Azerbaijan”.
Ibrahimov noted that the company went through a long process to begin selling precious metals. Thus, influential refining companies checked not only the documentation, but also the extent to which it corresponded to the actual activities of AzerGold.
He stressed that Azerbaijan was taking consecutive measures in the mining industry, which would ensure greater transparency and even greater attraction of foreign investment.
Azerbaijan’s withdrawal from the Extractive Industries Transparency Initiative did not slow down the development of the country’s mining industry, Ibrahimov added.
AzerGold CJSC started operating in July 2016. It is engaged in studying, research, investigation, management of deposits of precious and non-ferrous metals, their production, processing and sale, and also application of new technologies in this sphere, improvement of material and technical base and implementation of other work related to development of this sphere. (Trend/Ukrainian metal)