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Category Archives: AzerGold

Azerbaijan: Azergold to stop illegal gold deposit development in Kalbajar

AzerGoldBy admin01.10.2018Leave a comment

Armenia, jointly with international companies, continues illegal development of gold deposits in the occupied Kalbajar district of Azerbaijan, the Deputy Chairman of the Board of Azergold CJSC Ogtay Mammadov announced. “We want the issue of illegal development of deposits in Kalbajar to find its solution on a legal basis within the framework of international norms.…

Azerbaijan: ingots and coins to be produced from local gold and silver

AzerGold, gold, silverBy admin03.09.2018Leave a comment

AzerGold CJSC has started the project on production of coins and ingot from gold and silver in Azerbaijan. The company stated that the preparation of ingots and coins was carried out on the basis of AzerGold’s development strategy. The project sets goal to promote the country as a gold producer on the domestic and international…

Azerbaijan: AzerGold to get 3 billion mantas from Fizilchay

AzerGoldBy admin11.07.2018Leave a comment

AzerGold expects to receive an income of some 3 billion mantas from the development of the Fizilchay polymetal ore deposits. “The project will create over 2 thousand jobs”, the company director Zakir Ibragimov said. Fizilchay development is expected to start in October 2019. According to AzerGold, Fizilchay is the second largest deposits in Europe and…

Azerbaijan: AzerGold completing buyout of foreign contractors’ shares in precious metals deposits

AzerGoldBy admin14.05.2018Leave a comment

AzerGold State Company is completing the procedure of buying out the share of foreign contractors in some mines and deposits in Azerbaijan, said Zakir Ibrahimov, Chairman of the Management Board of the Company. “Works on handover and acceptance with the founding companies of the operating company AIMROC are at the final stage,” Ibrahimov said. In…

Azerbaijan: roadmap for integrated development of mining industry to be created

AzerGoldBy admin27.04.2018Leave a comment

AzerGold closed joint stock company intends to work out a strategic roadmap for integrated development of the mining industry in Azerbaijan, Zakir Ibrahimov, chairman of board of AzerGold CJSC, said. “We intend to work out a strategic roadmap that will reflect a number of key tasks to develop the mining industry in Azerbaijan, as well…

Azerbaijan: AzerGold choosing contractor for prospecting drilling

AzerGoldBy admin26.02.2018Leave a comment

AzerGold is looking for a contractor to carry out prospecting drilling. According to the company statement, the selection will be based on the results of an open tender. The cost of participation is 250 manats. The company accepts offers until April 13. The tender will be held on April 16. AzerGold was created on February…

Azerbaijan: AzerGold looking for transportation and ingot delivery services

AzerGoldBy admin16.01.2018Leave a comment

AzerGold is looking for a company to provide transportation and precious metals ingots delivery services. The company will be chosen at the open tender. The cost of participation is 250 manats. All the offers are accepted through February 26. The tender will be held on February 27. AzerGold was created by the decree of the…

Azerbaijan: export of precious metals yields 121 million manats

AzerGoldBy admin28.12.2017Leave a comment

AzerGold CJSC exported 60,552 ounces of gold and 86,806 ounces of silver in April-December, the company said in a message on December 27. The export of precious metals brought an income of 121 million manats to Azerbaijan’s economy. Having successfully passed the procedures of KYC (Know Your Customer) and due diligence required by international refining…

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