AzerGold CJSC’s Chairman Zakir Ibrahimov met with Guinea-Bissau officials to discuss collaboration opportunities in the nascent mining sector. The meeting emphasized AzerGold’s strategic objectives of international expansion and sustainable practices in mining. Both parties agreed on the importance of modern geological assessments and signed a Non-Disclosure Agreement to formalize future cooperation.
On December 2, 2023, Zakir Ibrahimov, Chairman of the Executive Board of AzerGold CJSC, engaged in discussions with a delegation from the Republic of Guinea-Bissau, led by Minister Carlos Pinto Pereira and Minister Viriato Cassama. The meeting focused on the advancements and strategic objectives of AzerGold in the mining sector, emphasizing economic efficiency, environmental protection, and commitment to social responsibility, adhering to both local and international legislation.
Mr. Ibrahimov underlined AzerGold’s fruitful collaboration with global partners and disclosed the Company’s ambitions to extend its activities beyond Azerbaijan, specifically targeting Africa’s mineral-rich landscape. Minister Pinto Pereira expressed Guinea-Bissau’s eagerness to foster strong bilateral relations and highlighted investment opportunities within the nascent mining sector.
Minister Cassama noted the need for contemporary geological assessments, as the most recent geological map dates back to the 1970s. He attributed great importance to utilizing modern techniques in identifying promising mining sites. The discussion led to an agreement for AzerGold to conduct geological investigations utilizing innovative methods including mapping and hyperspectral satellite imaging, as well as preliminary exploration of potential mineral resources in Guinea-Bissau.
The Azerbaijani firm also expressed interest in future exploitation initiatives of newly discovered gold deposits, drawing upon its extensive experience in the industry. To formalize their collaboration, a Non-Disclosure Agreement was signed between Mr. Ibrahimov and Minister Cassama.
AzerGold CJSC is a prominent mining company in Azerbaijan, actively engaged in enhancing the mining sector’s economic viability while adhering to sustainability and environmental protection standards. The company seeks to expand its reach internationally, particularly in resource-rich Africa, where cooperation prospects with local governments can lead to mutually beneficial outcomes. Guinea-Bissau’s mining sector is still in its infancy, necessitating the accumulated experience and innovative practices of established players like AzerGold to evolve effectively.
In conclusion, the meeting between AzerGold and the representatives of Guinea-Bissau marks a significant step toward potential investment and collaboration in the mining sector. With plans for modern geological assessments and a focus on sustainable practices, the partnership promises to foster economic development while adhering to environmental standards. The mutual commitment to exploring Guinea-Bissau’s mineral resources could yield substantial benefits for both parties involved.
Original Source: report.az
