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…
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.…
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…
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…
