Meeting Held at AzerGold CJSC with Representatives of the Asian Development Bank

The chairman of the board of directors of AzerGold CJSC, Zakir Ibrahimov, met with Sunniya Durrani-Camal, the Asian Development Bank’s country director for Azerbaijan. During the talks, detailed information was provided about the company’s 10-year activities, the development of the mining sector, and strategic projects such as the Filizchay polymetal deposit. The guest noted that the bank is applying new financing mechanisms in the field of critical minerals production and expressed interest in joint projects.

As reported by Postxronika.az citing CJSC, the parties also discussed the plans for a green-energy-based complex to be established in Shamkir and the development plans for the Söyüdlü deposit. The discussions emphasized the importance of partnership with international financial institutions in strengthening the country’s industrial potential. At the end of the meeting, agreement was reached to accelerate regular contacts at the level of working groups.

Diversifying the non-oil sector is one of the main pillars of the republic’s economic independence and sustainable development. Effective cooperation with international banks helps increase regional employment and attract new technologies. Implementing large-scale mining projects will further strengthen Azerbaijan’s industrial leadership in the region.