Extraction and primary processing of ferrous, non-ferrous and precious metals in Azerbaijan in the first quarter declined. Neither the State Statistics Committee, nor the mining companies disclosed the reasons for the decline of production rates.
According to the State Statistics Committee, in January-March this year, production of iron ore in the Dashkesan region was 51.4 million tons, 15.7% less than in the first quarter of last year. In this case, the warehouses mining plant on the 1st of April this year, has accumulated 34.7 thousand tons.
Azerbaijan Mining Operating Company that operates the gold mine Kedabek yet noticeably slowed down its production. During the reporting period there was produced 473.6 kg of precious metals, which is 45% less than in January-March 2012. Gold production was 266.8 kg, 13.7% less than the year before. With the production volumes, respectively 206.8 kg of 93.2 tons, the production of silver (-13.3%) and copper (-37.4%) reduced. - 08D-
Economics
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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.
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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.
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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.
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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.
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