In 2012, the company Anglo Asian Mining Plc. produced 2 188.6 kg of precious metals gold mine "Kedabek" in the north-west of the country. The production volume was reduced in comparison with 2011 by 26.9%, according to the State Committee on Statistics.
Gold production totaled 1 562.8 kg, which is 12% less than in 2011. The company also produced 625.8 kg of silver. This is 48.6% less than the previous year.
According to the PSA contract for development of several gold deposits on the area of ??1,962 square kilometers between the Government of Azerbaijan and RV Investment Services LLC (USA), on completion of the share of government investment in the project will reach 51%. It is projected to produce 300,000 ounces of gold in the first 6 years of field development. The mining in the gold mine "Kedabek" began in May 2009. - 08B-
Economics
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Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
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Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
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Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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