17:07 - 22.09.2026

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September 22, Fineko/abc.az. Speaking at a state meeting chaired by President Ilham Aliyev, Zakir Ibrahimov, Chairman of the Executive Board of AzerGold CJSC, unveiled the company’s long-term strategic roadmap.

The primary goal is to scale AzerGold into a leading non-oil industrial entity with an annual turnover of AZN 1 billion  by 2030, leveraging internal revenues, commercial debt, and private investments.

Ibrahimov highlighted that extensive geological exploration expanded recoverable gold reserves at the Chovdar deposit from 179,000 to 1.02 million ounces, extending mine life through at least 2032. Over its 10-year evolution, AzerGold has diversified into ferrous metals via "Dashkasan Iron Ore" LLC, industrial explosives via "AzerBlast" LLC, and initiated stripping operations for gold extraction at the major Soyudlu (Zod) deposit this year.