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-
Economics
-
Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
-
Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
-
The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
-
There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
Leave a review