Export of precious metals brings 121M manats to Azerbaijani economy (PHOTO)

Export of precious metals brings 121M manats to Azerbaijani economy (PHOTO)

Baku, Azerbaijan, Dec. 27


AzerGold CJSC exported 60,552 ounces of gold and 86,806 ounces of silver from April to December 2017, the company said in a message Dec. 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 companies, AzerGold concluded a contract for the purification of precious metals with the well-known Swiss refining company Argor-Heraeus in April 2017.

AzerGold, which started operating in July 2016, managed to conduct a number of important events in a short time.

In particular, repair and construction work was carried out in the territory of the Chovdar mining enterprise located in the Dashkasan District, the company’s operations at the field were optimized, production was switched to a 24-hour operating mode, and the production process was started.

More than 6,000 different trees and bushes have been planted in the field’s territory in order to ensure the ecological balance, the necessary measures have been taken to improve working conditions, and the relevant infrastructure has been created.

Active cooperation with international consulting companies is conducted in order to create a feasibility study for the sulfide (underground) operation phase of the field, which is scheduled for 2021, after the end of the oxide (ground) phase of operation in 2020.

One of the main strategic goals of the company is to ensure sustainable and continuous development of the non-ferrous metals industry in the country.

For this purpose, a document is being prepared in cooperation with authoritative international consulting companies for a primary economic assessment of reserves of copper, zinc, gold, lead, silver at the Filizchay field, which is of strategic importance not only for Azerbaijan, but also for Europe.

Over the next years, metallurgical, laboratory, geotechnical, hydrological and environmental studies are planned to be carried out in the field’s territory.

Moreover, drilling operations were carried out to assess the reserves at another field, Mazimchay, located in the Balakan District.

Geophysical studies were carried out, and drilling and reserve assessment are planned to be conducted in the territory of the Ortakand site of the Goydag-Alinja field, located in the Nakhchivan Autonomous Republic of Azerbaijan, in the near future.

Analysis of ore samples taken from the Dashkasan-Goygol territory is carried out in internationally certified laboratories and an intelligence plan will be prepared in line with the obtained results.

Geological research is planned to be continued in this direction in subsequent years.

About 300 people are provided with permanent job places with the purpose of organizing the activities of AzerGold CJSC today.

A Corporate Social Responsibility Committee has been established under the company in order to implement the policy of social responsibility as well as assess and meet the needs of local communities.

Meanwhile, AzerGold cooperates with various science and educational institutions with the purpose of sharing experience and forming the personnel potential of the company.

High indicators, achieved in a relatively short period of time, brought AzerGold CJSC to the leading positions in the non-oil exports of Azerbaijan.

Iran reveals its COVID-19 data for November 29
Iran reveals its COVID-19 data for November 29
Iran reveals its COVID-19 data for November 28
Iran reveals its COVID-19 data for November 28
Iran to close public offices amid COVID-19
Iran to close public offices amid COVID-19
Loading Bars
Iran boosts manufacturing of passenger cars
UAE cabinet approves new cybersecurity body, climate change envoy
Geostat reveals volume of ferroalloys exported by Georgia to Turkey
Bahar Azadi gold coin price still falling in Iran
Kazakhstan continues introduction of mobile diagnostic tools in railway sector
Azerbaijan, Uzbekistan discuss possibilities of attracting investors to Azerbaijan territories liberated from occupation
Britain expects 'very significant' week for Brexit talks as clock ticks down
Iran declares cargo transportation from Sistan and Baluchestan Province
Death toll from COVID-19 tops 172,000 in Brazil
Chinese companies to process Uzbek garlic for further export to US and European countries
Turkey's export of grain, legumes to France declines
Iran reveals its COVID-19 data for November 29
Details of Iran’s trade turnover announced
EU aims to support Georgia in its efforts to reform electricity market
Azerbaijan confirms 4,170 new COVID-19 cases, 1,985 recoveries
5.5-magnitude quake hits Vanuatu
Azersu LLC announces tender for purchase of equipment for laboratory
Kazakhstan's import of Turkish cement up
Azerbaijan shows footage of Aghdam's Shahbuldag village (PHOTO/VIDEO)
Expenses on construction of enterprises in Iran’s Isfahan Province increases
Number of enterprises launched in Iran's Ilam Province shrinks
Turkmengas opens tender for maintenance of gas turbine generators
At least 30 police killed, over 20 wounded in suicide car bomb explosion in E. Afghanistan
Georgia reports 4 426 new coronavirus cases, 3 721 recoveries, 35 deaths
Over 5,500 patients recover from coronavirus in Moscow in the past day
Azerbaijan shows footage of liberated from occupation villages of Kalbajar region (PHOTO/VIDEO)
China increases import of Turkish cars
Employment in Iran's Alborz Province declines
The President of Turkmenistan receives representative of medical community of Germany
S. Korea reports 450 more COVID-19 cases, 33,824 in total
Azerbaijan's turnover on payment cards in 10M2020 up
Inter-Agency Coordination Council discusses enforcement of Covid restrictions
Azerbaijan has ample opportunities and potential for artificial intelligence dev't
Trump may announce plans for 2024 presidential race during Biden’s inauguration
826 more coronavirus cases recorded in Kazakhstan over 24 hours
France sees further fall in COVID-19 hospitalizations as lockdown exit starts
Turkey's Temsa makes 1st electric bus exports to Sweden
Iran registers monthly positive trade balance
Scottish dev’t agency eyes establishing co-op with companies in Uzbekistan’s Karakalpakstan
Croatian PM in self-quarantine after wife contracts COVID-19
UK records another 15,871 coronavirus cases with 479 deaths
Some 46,000 people gather in Paris to protest against security bill
Kazakhstan to modify large energy saving projects on railways
Severe fire danger for Australia as temperatures smash records
Dozens of Boko Haram militants killed in Nigeria airstrikes
Pope installs new cardinals, including first African-American
WHO reports new daily record high of over 747,000 COVID-19 cases
UK police arrest 155 in anti-lockdown protests in London
Assistant to Azerbaijani president posts footage from Tartar, Aghdam cities
UK, France sign new deal to stop illegal migration across Channel
Iran discloses electricity generation at Iran's Bandar Abbas TPP
Turkey reports 6,714 new COVID-19 cases, 487,912 in total
Zarif: Iran at forefront of fighting terrorism
Georgia takes necessary steps to avoid increase in bread prices
Ethiopian military has taken 'full control' of Tigray capital, government says
Iran’s Bahar Azadi gold coin price continues to fall
Weekly review of Azerbaijani precious metals market
Kazakhstan raises import of grain, legumes from Turkey
Buy/sell operations at Iran Mercantile Exchange revealed
AP publishes article covering Armenian missile attack on Azerbaijan’s Ganja on Oct.17 (PHOTO/VIDEO)
OIC adopts resolutions in connection with Armenia's aggression against Azerbaijan
President, members of Board of European Muslim Forum send letter to President Aliyev
Aghdam district of Azerbaijan after 27 years of Armenian occupation (VIDEO)
Kazakhstan to bring waste processing level to average European level
UK appoints minister in charge of COVID-19 vaccine rollout
Number of blocked malware in AzStateNet network drops
Airport in Uzbekistan to buy auto parts via tender
Iranian Energy Exchange announces products to be on sale November 29
Azerbaijani team takes third place in group exercises at 36th European Rhythmic Gymnastics Championships
At least 6 killed in Somali capital suicide bombing
Microsoft Azerbaijan to support all initiatives in liberated territories of Azerbaijan
Azerbaijan shows footage of Kalbajar's Vang village (VIDEO)
Police fire tear gas at Paris protest against police violence
Electricity imports growing in Georgia
Cargo, passenger traffic via Turkish Sabiha Gokcen Airport slumps amid pandemic
Uzbek-Korean JSC Uz-Dong Won Co. announces tender for steel pipes supply
Cargo transportation at Turkish Antalya airport reduces
Austria records nearly 1,000 COVID-19 deaths over past 10 days
State Employment Agency of Azerbaijan opens tender on supporting start-up projects
Results of Azerbaijan's junior national team performance at 36th European Rhythmic Gymnastics Championships announced
Details of Iran’s exports to Iraq declared
Azerbaijan reports 4,212 new COVID-19 cases, 1,760 recoveries
Four citizens dead as result of mine exploding in Fuzuli - Azerbaijani Prosecutor General's Office
Kazakhstan's export volumes to China surge despite COVID-19
Assistant to Azerbaijan's president, diplomats, Garabagh FC representatives visit Aghdam Mosque (PHOTO)
Turkmenistan committed to promoting socio-economic development of Afghanistan
Georgian oil companies seek to avoid price increases
Tender for maintenance of elevators, escalators launched in Turkey
Azerbaijan's ten-month output of oil products declines
Turkey's export of grain and legumes to Turkmenistan up
Turkmenistan, Belarus discuss program of cooperation
Iran reveals its COVID-19 data for November 28
Azerbaijani president's assistant, diplomatic corps reps arrive at liberated Aghdam city
Rural digitalization project successfully underway in Kazakhstan
Missile fired to Tartar by Armenia delivered to local museum - president's assistant (VIDEO)
Number of enterprises put into operation in Iran's Ardabil Province up
Water problems center to be created in Uzbekistan’s Khorezm region
Khazar Consortium opens tender for purchase of lubricating oil
Azerbaijan’s Baku Telephone Communications opens tender
Georgia sees increase in COVID-19 cases
All news