Ex­pected in­come from ex­ploita­tion of Filizchay field re­vealed

Azer News - - Front Page - By Sara Is­rafil­bay­ova

As a re­sult of a 23-year op­er­a­tion of the Filizchay poly­metal­lic de­posit, rich in me­tals such as cop­per, sil­ver, zinc and lead, it is ex­pected to re­ceive in­come in the amount of 6 bil­lion man­ats ($3.53 bil­lion).

As a re­sult of a 23-year op­er­a­tion of the Filizchay poly­metal­lic de­posit, rich in me­tals such as cop­per, sil­ver, zinc and lead, it is ex­pected to re­ceive in­come in the amount of 6 bil­lion man­ats ($3.53 bil­lion).

The state­ment was made dur­ing a meet­ing with representatives of the Min­istry of Ecol­ogy and Nat­u­ral Re­sources in the ge­o­log­i­cal camp of the Filizchay field of the Kokhna­madan site, lo­cated in the Balakan re­gion.

The meet­ing dis­cussed the re­sults of pre­lim­i­nary stud­ies at the strate­gi­cally im­por­tant Filizchay poly­metal­lic de­posit not only for Azer­bai­jan, but also for Europe.

Chair­man of the Board of Az­erGold Zakir Ibrahi­mov re­ported that a pre­lim­i­nary as­sess­ment doc­u­ment on the Filizchay field is un­der de­vel­op­ment by the in­flu­en­tial in­ter­na­tional con­sult­ing com­pany SRK Con­sult­ing and will be com­pleted be­fore the end of this year.

He went on to say that af­ter ad­di­tional drilling works, met­al­lur­gi­cal tests, en­gi­neer­ing-ge­o­log­i­cal and hy­dro­log­i­cal stud­ies are car­ried out on the ter­ri­tory of the field, a fea­si­bil­ity study doc­u­ment will be de­vel­oped that will al­low clar­i­fy­ing rel­e­vant in­for­ma­tion, adding that the re­fine­ment of the data will in­crease the pos­si­bil­ity of in­creas­ing the prof­itabil­ity of the project of field op­er­a­tion.

It was also dis­cussed the dig­i­ti­za­tion of ge­o­log­i­cal data for all the mines of pre­cious and non-fer­rous me­tals in the coun­try, the im­prove­ment of na­tional leg­is­la­tion in the field of the min­ing in­dus­try and co­or­di­nated ac­tiv­i­ties in this di­rec­tion.

Az­erGold CJSC started op­er­at­ing in July, 2016 and is en­gaged in study­ing, re­search, in­ves­ti­ga­tion, man­age­ment of de­posits of pre­cious and non-fer­rous me­tals, their pro­duc­tion, pro­cess­ing and sale, and also ap­pli­ca­tion of new tech­nolo­gies in this sphere, im­prove­ment of ma­te­rial and technical base and im­ple­men­ta­tion of other work re­lated to de­vel­op­ment of this sphere.

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