President of Azerbaijan Ilham Aliyev on May 29 signed a declaration of resolving some issues in connection with the study, research, exploration, development and operation of ore deposits “Gaskhay”, “Elbedash” and “Agduzdag”, reports AzerTaj.
According to the order, study, exploration, the development and operation of the Gashughary mine deposit on the basis of the contract for a period of 30 years is transferred to the company ETI Bakır A.ş., and the ore deposits “Elbeidash” and “Agduzdag” – ARTVIN MADEN A .Ş.
Specializing in Copper Production Company ETI Bakır A.ş. enters Cengiz Holding. The company’s headquarters is located in Istanbul. Cengiz Holding built an airport with Istanbul, a reservoir on the Shamkyrchay River in Azerbaijan. The owner and head of the holding is the famous businessman Mehmet Chengiz. In 2004, he privatized ETI Bakır A.ş. And introduced it to his own holding.
ARTVIN MADEN A.ş. Belongs to companions – businessman Omer Faruku and Zirve Holding.
As for deposits, only Agduzdag has an industrial importance. This field is located in the south-east of Kelbajar district. Up to 100 gold-bearing quartz, quartz-carbonate livers were allocated on the field of deposits, in 5 of which the mineralization of the gold of industrial significance was determined. The average gold content was 6.72 g / t. Taking into account the easy enrichment and production of gold, there is a possibility of increasing the deposit reserves 3-4 times due to a relatively small content of gold (up to 1.5 g / t) in the mentioned veins and in the rocks.
Information about the deposit “Gasgharty” and “Elbeidash” in the open access is not.