AIC sets up a corporation jointly with Star Mining

17:29 - 25 January 2023

January 25, Fineko/ Azerbaijan Investment Company (under the Azerbaijani Ministry of Economy) has founded company Shahbulaq Mining together with StarMining.

ABC.AZ reports that Economy Minister Mikail Jabbarov wrote about this on his Twitter account.

"Currently, geological research works are being carried out in order to specify the reserve of the Shahbulaq deposit located in Agdam district,” he emphasized.

Star Mining is the winner of the competition for the Shahbulaq quarry project to be implemented in Azerbaijani territories freed from occupation.

The State Tax Service registered Shahbulaq Mining on 2 December, 2022 at the legal address of Baku, Yasamal district, General Izzat Hamidov Street, 31. Company’s authorized capital is AZN 10,000, and its legal representative is Rustam Mukhtarov.