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19/06/2024
Mining News

Three Azerbaijani mines were granted to two Turkish companies

With a presidential order signed by Ilham Aliyev, the operating rights of three mineral mines in Azerbaijan were granted to two Turkish companies; The Qasqacay, Elbeydas and Agduzdag mines were transferred for the purpose of study, research, exploration, development and exploitation based on a 30-year contract, said the presidential order.

According to the order, Turkey’s Eti Maden will operate the Qasqacay mine, while Artvin Maden will have the Elbeydas and Agduzdag mines.

Supported by

Aliyev also instructed the Environment and Natural Resources Ministry and the Economy Ministry to prepare contracts for the operation of the mines within three months and to sign them with the companies.

The Agduzdag mine is located in the southeastern part of the Kalbajar region, which was recently liberated after a nearly three-decade occupation by Armenian forces.

During a 44-day conflict last year, which ended in a truce on Nov. 10, 2020, Azerbaijan liberated several cities and nearly 300 settlements and villages in Karabakh from Armenia’s occupation.

The cease-fire was seen as a victory for Azerbaijan and a defeat for Armenia, whose armed forces withdrew in line with the agreement.

A joint Turkish-Russian center was established to monitor the cease-fire. Russian peacekeeping troops have also been deployed in the region.

Source: dailysabah.com

 

 

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