Last Year, Government Received 215.5 Kg of Gold

The Ministry of Finance last year received and deposited in CBA 215.5 kg of gold (in 2013 it was 149 kg).

As stated in the report of the government, the precious metal from the field Kedabek is usually sent for cleaning and bringing up to standard in Switzerland - by the company MKS Finance SA

As of January 1 this year the total gold reserves of the government of Azerbaijan was 37 thousand 132.7 troy ounces (1,155 kg) in the form of ingots 999.9.

In May 2009, Azerbaijan International Mining Company (AIMC), which develops gold fields in Azerbaijan, commissioned a plant for processing gold ore from the Kedabek field. In July 2009, the company started commercial production of gold. In the third quarter of 2013 it started production of gold from the field Gosha.

AIMC was created by Anglo-Asian Mining PLC (founded by RV Investment Group Services LLS). It is the operator of the development of 6 gold fields in Azerbaijan, including the deposits Kedabek and Gosha. Under the contract, from these fields it is expected to produce 400 tons of gold, 2,500 tons of silver and 1.5 thousand tons of copper.-- 17D-