A large-scale meeting on the results of 2018 was held at the head office of AzerGold CJSC. Opening the meeting, Chairman of the Board of AzerGold CJSC Zakir Ibrahimov spoke about the reforms carried out under the leadership of Azerbaijani President Ilham Aliyev and the development of the non-oil sector. He noted that the economic…
Another deputy chairman has been appointed in AzerGold, the company reported. Khayyam Farzaliyev has been appointed deputy chairman of the AzerGold board, the company said. The management of AzerGold is headed by Zakir Ibrahimov. After Farzaliyev’s appointment, Ibrahimov has two deputies. Earlier, only Ogtay Mammadov was his deputy. AzerGold CJSC started operating in July 2016,…
Azerbaijan will receive about 10 billion manats from the development of Filizchay, one of the biggest polymetallic deposits in Europe, Chairman of the Board of AzerGold CJSC Zakir Ibrahimov declared. He said earlier it was assumed that the revenues from the development of this field would amount to 6 billion manats, but recent studies had…
Since the beginning of its activity AzerGold CJSC has extracted 105,000 ounces of gold and 155,000 ounces of silver at the aboveground part of the Chovdar deposit, Zakir Ibrahimov, chairman of the company, declared. He said that revenues from the sale of these precious metals exceeded 230 million manats. He noted that it was also…
A significant increase has been recorded in gold mining due to the optimization of operational processes on the part of AzerGold CJSC, the company said in a statement. In particular, in the first ten months of 2018 the gold production amounted to 36,632 ounces, thereby exceeding the last year’s figures. In general, the AzerGold CJSC…
A Memorandum of Understanding (MoU) has been signed between the Ministry of Ecology and Natural Resources of Azerbaijan and AzerGold CJSC. The MoU covers the expansion and optimization of cooperation within the framework of new parameters, support for scientific and technological development, contribution to the improvement of the legislative framework in the field of geological…
Geophysical work has been completed on an area of 10 square kilometers in the northern part of the Azerbaijan’s Chovdar gold deposit, the Deputy Chairman of the Board of Azergold CJSC Ogtay Mammadov declared. “Next year geophysical work will be carried out on an area of 11-12 square kilometers on the slopes of Mount Kapaz.…
The Azerbaijani closed joint stock company Azergold intends to produce 45,000 ounces of gold till the end of this year, Deputy Chairman of Azergold’s Board Ogtay Mammadov reported. Mammadov made the remarks during the media tour aimed at reviewing the work conducted at the Chovdar field. “Since early 2018, 33,000 ounces of gold have been…