The State Committee on Management of State Property of Azerbaijan announced Det.Al Limited as the winner of the investment competition for the sale of Dashkesen Ore Mining and Processing Enterpriseshares. Det.Al Limited plans to allocate $235.1 mln. investments to Dashkesan Filizsaflashdirma JSC within three years, Trend reports with reference to the State Committee statement.
These investments will be directed towards applying new modern technology, technology for ore-dressing, the production of high-grade iron condensate as well as the reconstruction of the plant.
It is planned to build plants for granulation, sequential reduction and a steel-smelting plant. Nearly 2,000 new jobs will be opened due to the investment projects, restoration and development of the production. Employee salaries will be gradually increased up to $350.