The company Anglo Asian Mining, mining gold, silver and copper in Azerbaijan announced the discovery of new gold deposits. According to Turan, deposit discovered in the licensed territory in Gadabay (on the border with Armenia) and is called "Ugur" ( "Success"). Tests have shown that the average gold recovery of 87%, according to the company's website.
"After the completion of a number of operational work to improve efficiency and reduce costs, the company has once again become profitable. The company will expand its production," said the company's CEO Reza Vaziri.
* The Anglo Asian Mining has three contracts for exploration and production of gold, silver, copper. The total contract area is 1062 sq / km. Another 900 sq / km area under the contract are in the territories occupied by Armenia. -71D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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