A meeting dedicated to the results of 2022 and future tasks was held at "AzerGold" CJSC.
"APA-Economics" informs that Zakir Ibrahimov, Chairman of the Board of Directors of "AzerGold" CJSC, who spoke at the meeting, noted that last year was remembered with successful results in all fields for our country.
It was reported that due to the wise policy conducted by the Honorable Mr. President Ilham Aliyev, all the tasks set before him were properly fulfilled.
Noting that the positive economic dynamics achieved in the past years will be preserved in 2022, exports in the non-oil and gas sector increased by 12.4% compared to 2021, Z.Ibrahimov, in this regard, was among the leading non-oil exporters of CSC last year. He pointed out that he has decided on the steps.
The Chairman of the Management Board noted that positive results were achieved in other directions, including geological exploration, production, and production during the reporting period.
He said that under the leadership of Mr. President Ilham Aliyev, "AzerGold" CJSC also contributed to the implementation of the tasks set for sustainable economic development of our country, especially increasing the share of the gross domestic product and the mining sector.
It was noted that in the Rye Integrated Regional Processing Area (ÇIRES), where active production and production activities are carried out by CJSC, in 2022, planned reductions in production and exports were observed due to the optimization works carried out in the production line, but as expected, the results of the reporting year were positive. has been completed.
Thus, by increasing the productivity of the crusher area, which ensures the acceleration of production and crushing of ores to the required sizes, the annual production capacity of the area has been increased.
As a result, last year's production indicators were 62.1 thousand ounces of gold and 223.1 thousand ounces of silver, gold production exceeded the plan by 2%, and silver production by 83%.
At the same time,
Regarding the sales operations of 2022, the Chairman of the Management Board said that positive dynamics were observed in the sales volume of gold and silver both in the international market and in the domestic market.
The total sales indicators of precious metals in 2022 were 63.3 thousand ounces of gold and 207.7 thousand ounces of silver.
With this, compared to 2021, an increase in the sales volume of gold and silver was achieved.
Z.Ibrahimov said that intensive geological exploration works are being carried out in order to ensure the continuity of the production process at CIRES.
He gave detailed information on the preliminary results of the intelligence work carried out in Dashkasan and Balakan regions, as well as in the areas located in the administrative territory of East Zangezur and Nakhchivan Autonomous Republic.
Chairman of the Management Board, the "Agyokush" group of gold deposits and the "Marah" gold deposit discovered in the region by the geologists of "AzerGold" CJSC, as well as the gold deposit "Mareh" discovered during the USSR, but not extensively explored, as a result of the activities of CJSC, the reserves were confirmed and taken to the state balance sheet. He noted that the amount of gold that can be sold in CIRES due to "Tulallar" gold deposit has been increased from 179 thousand ounces of gold to 735 thousand ounces of gold, increasing it 4 times.
The Chairman of the Board of Directors noted that the construction of relevant infrastructure is being rapidly continued in order to organize the processing of sulphide, high-grade oxide and transit ores by the tank leaching ("Carbon in Leach" - CIL) method in CIRES, which is currently the largest production project of "AzerGold".
Z.Ibrahimov said that as one of the most important events of the past year, Mr. President approved the "I State Program on the Great Return to the Territories Freed from Occupation of the Republic of Azerbaijan", the monitoring of mineral raw materials resources is the responsibility of CSC in the State Program covering the years 2022-2024. He noted that a number of important tasks such as inspection, search, and evaluation have been set.
Z.Ibrahimov said that "AzerGold" CJSC has paid special attention to the investigation of illegal exploitation facts in Karabakh and Eastern Zangezur since the beginning of its activity. Z.Ibrahimov said that the CJSC continues to work together with the relevant state institutions in order to give a legal assessment to the actions of Armenian and some European companies.
The Ministry of Ecology and Natural Resources, in December of last year, in order to carry out investigation, property inventory and environmental monitoring in the fields under the temporary control of the Russian peacekeepers and where the illegal exploitation of mineral deposits is carried out.
Reminding that an artificial obstacle was created for the visit of the monitoring group consisting of specialists of the State Service for Real Estate Affairs under the Ministry of Economy and "AzerGold" CJSC, the Chairman of the Management Board said that the lack of opportunity for the legal activity of the specialists was a cause for concern.
He also drew attention to the fact that the eco-activists have demonstrated high determination and a real citizen's position with their protests on the Lachin-Khankendi road for almost 2 months.
It was emphasized that "AzerGold" JSC will support the unified policy conducted by the state in this direction in the next stages with all its resources and fulfill its obligations.
He also drew attention to the fact that they have demonstrated the position of real citizens.
It was emphasized that "AzerGold" JSC will support the unified policy conducted by the state in this direction in the next stages with all its resources and fulfill its obligations.
He also drew attention to the fact that they have demonstrated the position of real citizens.
It was emphasized that "AzerGold" JSC will support the unified policy conducted by the state in this direction in the next stages with all its resources and fulfill its obligations.
At the meeting, detailed information was provided on the step-by-step searches carried out by the geological exploration team of JSC since June 2022 in the field of "Tutxun" noble metal manifestations located in the administrative territory of Kalbajar district.
It was noted that the geological team carried out the first phase of surface active search-reconnaissance works in the areas cleared of mines and unexploded ordnance in the Tutkhun river basin, and despite the use of non-invasive hyperspectral satellite images, which are considered innovative search methods for the first time in the Caucasus region, the search-reconnaissance the speed of their works is lower than the speed of the same works carried out in other regions of the country.
At the meeting, they also talked about the exploitation project of Dashkasan iron ore deposits, which requires a large investment, is quite complex, and promises great economic contributions.
It was reported that the reserve of Dashkasan iron ore deposits was seriously increased in accordance with international standards by "Dashkasan Demir Filiz" Limited Liability Company, a subsidiary of "AzerGold" JSC.
In order to reach the mass of ore in the field, excavation works are carried out on the ground surface in a planned manner.
It was noted that work is being continued until the end of 2025 in order to organize the production of iron ore - concentrate, then pellet and direct reduction iron (direct reduction iron) raw materials for the purpose of building the relevant production infrastructure.
It is also planned to attract foreign investors to reduce the burden of dependence on the state budget.
Z.Ibrahimov pointed out that the process of negotiations regarding the involvement of an experienced partner company is at the final stage.
It was noted that with the commissioning of iron ore deposits, the dependence of the metallurgical industry on imports will be reduced, that by 2035, ~3 billion 970 million US dollars (approximately 6 billion manats) will be contributed to the GDP, and ~290 million US dollars (~493 million It is predicted that taxes will be paid in the amount of AZN).
The Chairman of the Board of Directors noted that the works on the implementation of the project for the construction of a plant for the production of industrially important explosives by the subsidiary company - "AzerBlast" Limited Liability Company, established on the basis of the public-private sector partnership model, are continuing rapidly.
He said that it is planned to start and finish the construction works in the city of Ganja in the current year for the factory with a production capacity of 31 thousand tons of industrial explosives.
Then, reports on the work done by Geological exploration, Public relations and marketing, Repair and construction and energy departments, as well as Earthworks and subsoil use sector were heard.
At the end of the meeting, Z.Ibrahimov gave instructions and recommendations on accelerating the work done within the framework of preparation for the exploitation of new fields, further intensifying geological exploration works in order to increase reserves, and maintaining the dynamics of growth in all areas of activity.