Accra:AzerGold Chairman Zakir Ibrahimov met with Sunniya Durrani-Jamal, Asian Development Bank (ADB) Country Director for Azerbaijan, to discuss future collaboration efforts.
According to Azerbaijan State News Agency, Ibrahimov detailed AzerGold’s achievements over the past decade, emphasizing the company’s efforts in exploring Azerbaijan’s mineral resources and advancing the mining industry. He highlighted the significant measures under President Ilham Aliyev’s leadership aimed at diversifying the national economy, particularly through non-oil sector development. The recently approved “State Program for the Development of Mining (Metal Ores) and Metallurgical Industries for 2027-2030” was cited as a testament to the government’s commitment to this sector.
Durrani-Jamal outlined ADB’s operational focus and strategic goals concerning private sector financing, mentioning the bank’s interest in new financing mechanisms for mineral extraction and processing. She conveyed ADB’s eagerness to expand cooperation on projects that bolster sustainable development and regional economic growth.
The meeting also reviewed AzerGold’s strategic projects, including the feasibility study for the Filizchay polymetallic deposit, a green energy-based hot-briketted iron production complex, and plans for the Soyudlu gold deposit. These projects are seen as crucial for enhancing industrial capacity, driving economic growth, and generating employment in Azerbaijan.
Concluding the meeting, both parties agreed to maintain regular communication through technical and financial working groups to explore specific project collaborations.