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Azerbaijan to help Uzbekistan develop mining sector
Azerbaijan and Uzbekistan are strengthening economic connections, signing a variety of agreements covering mining, banking and tourism.
Uzbek Prime Minister Abdulla Aripov and his Azerbaijani counterpart, Ali Asadov, presided June 16 over a signing ceremony in Tashkent of a cooperation agreement under which the two countries will jointly develop an Uzbek gold deposit as well as other mineral resources.
Ural Yusupov, Uzbekistan’s deputy mining minister, previously indicated that Tashkent was intent on conducting comprehensive surveys of precious metal deposits in the Kashkadarya and Surkhandarya regions, along with critical mineral deposits in Karakalpakstan and the Jizzakh region.
The Azerbaijani entity CJSC AzerGold will be the chief partner in developing the Uzbek gold deposit. It appears that Uzbek officials are interested in gaining experience in the processing and marketing of gold products. The Azerbaijani state-owned company bills itself as having experience in building “an integrated value chain for the exploration and development of ore deposits, production, processing and sales of precious metals.”
Azerbaijan, Uzbekistan Sign Documents in Presence of Both Countries’ PMs
Several documents have been signed between Azerbaijan and Uzbekistan, in the presence of both countries' Prime Ministers, Ali Asadov and Abdulla Aripov, in Tashkent.
The ceremony took place as part of Asadov’s working visit to Uzbekistan to attend the 5th Tashkent International Investment Forum at the invitation of the Uzbek side, The Caspian Post reports via Azertac.
The signed agreements cover the joint development of a gold mining project in Uzbekistan by AzerGold CJSC, enhanced banking cooperation between the International Bank of Azerbaijan OJSC and a partner financial institution in Uzbekistan, as well as collaboration on critical minerals projects involving NEQSOL Holding.
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