16:54 - 5.07.2024

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July 5, Fineko/abc.az. According to the Law ratified by Milli Majlis and approved by President Ilham Aliyev on June 21, 2024, the Agreement between the Ministry of Ecology & Natural Resources of Azerbaijan and R.V. Investment Group Services, LLC (U.S.) on exploration, development and shared distribution of production of gold, copper and polymetallic promising ores Gadabey, Gosha, Kharkhar, Garadag, Ordubad Group (Piyazbashi, Agyurd, Shekarder, Keleki), Gizilbulag, Demirli and Vezhneli, the powers to represent the state were transferred to AzerGold CJSC.

ABC.AZ reports with reference to AzerGold that the purpose of the work under the Agreement is to ensure effective cooperation between R.V. Investment Group Services, LLC and a state-owned company specializing in the mining industry.

According to the terms of the agreement, AzerGold has obligations such as granting rights and benefits to R.V. Investment Group Services, LLC, monitoring the effective organization of activities, ensuring cooperation with government agencies in the performance of mining operations, etc.

AzerGold will ensure the implementation of the mining activities of the operator company in accordance with the requirements of local and international legislation.