Industry

Another multimillion-dollar contract for development of iron ore deposits has been signed

“Dask?s?n D?mir Filizi LLC” has signed an agreement with “Azdagm?d?nistismar LLC” for geological exploration, topographic planning, hydrogeological and geotechnical monitoring studies.

The contract was signed for a period of 13 months and ends on August 19, 2023. A subsidiary of the state gold mining company “AzerGold” will pay 12 million 391.300 manats or 7 million 289.000 US dollars to a private company for these purposes.

Recall that recently “Dask?s?n D?mir Filizi LLC” signed an agreement with “Azeri Mining Group LLC” for stripping and blasting operations, as well as transportation of rock at the southeastern iron ore mine in Dashkesan region. The value of this agreement is 118 million 948.000 manats or 69 million 969.000 US dollars.

Note that “Dask?s?n D?mir Filizi LLC” was established in 2020 on the basis of “Dask?s?n Filizsaflasdirma OJSC”. The company is a subsidiary of the state-owned “AzerGold CJSC”. The indices of the feasibility study for the operation of the Dashkesan iron ore deposit have not been made public.

Source: Turan News Agency