25.4 C
Belgrade
Supported byspot_img
spot_img

Three Azerbaijani mines were granted to two Turkish companies

Member of Europium Groupspot_img
Supported byspot_img

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.

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.

Supported by

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

 

 

Supported byElevatePR Digital

Related News

Balancing act: Mongolia’s pursuit of economic stability beyond mining

Mongolia is actively pursuing international bonds to fuel its economic agenda. However, investor apprehensions linger due to the nation's heavy reliance on mining. While...

AuKing Mining ventures into Saudi Arabia’s mining sector in collaboration with Barg Alsaman Mining Company

AuKing Mining, known for its ventures in remote regions such as Western Australia (WA), Chile, and Laos, is now venturing into a new territory:...

Exploring Europe’s mining heritage: From tradition to innovation

Europe's mining sector has left an indelible mark on the continent's history, driving economic growth and societal transformation for centuries. While its global dominance...

Turkey greenlights scores of mining and renewable energy ventures amid environmental controversy

Turkey's Environment Ministry has given the go-ahead to 372 mining projects since January 2024, alongside approvals for 378 solar power plants and wind farms,...
Supported by
Supported by
Supported by
error: Content is protected !!