The government is seeking investment in Dashkesan Mining Plant

The government intends to transfer the  JSC «Dashkesan Filizsaflashdirma» (Dashkesan Mining Plant) in good hands for $ 1 billion.  According to the  State Committee for Property Affairs,  the problem can be solved through the tender announced in the framework of privatization. For these purposes will be attracted an independent consultant, who will develop a series of proposals for investment competition, including the final amount of financial investments, a detailed feasibility study and related research in the field of marketing.

The government has long planned modernization of the enterprise, however, indices which fell sharply (from $ 146 to $59.83 per ton -  data  for the evening August 12, 2016), the international price of iron ore concentrate influenced the intention to export the products. According to the State Customs Committee, the total exports in January-June this year amounted to $ 3.82 billion, of which the export of ore accounted for $ 6.54 million, or about 104,000 tons, which is twice more than last year. --17D-