14:53 - 10.07.2018

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July 10, Fineko/abc.az. The cost of metals in the bowels of Azerbaijan is estimated at AZN 150 bn.

AzerGold’s chairman Zakir Ibragimov has stated that the Company applies a complex approach towards development of promising fields of non-ferrous metals on the territory of Azerbaijan and their commissioning.

"Development of a roadmap on extraction of non-ferrous metal began with this purpose. The document will cover bringing into conformity the data available in the archives from the Soviet times with modern standards, including their transfer into digital format, new calculation of mineral resources on the basis of international standards, development of a plan on operation of the fields. Detailing will contribute to more sustainable and efficient management of fields from economic and environmental angle," Ibragimov said.

He says that cooperation with the Ministry of Economy, the Ministry of Ecology & Natural Resources and other governmental agencies is underway for these works.

"According to preliminary estimate, total cost of metals in the bowels of our country exceeds AZN 150 bn," Ibragimov said