“AzerGold” CJSC starts refining of own-produced gold and silver alloys

“AzerGold” Closed Joint-Stock Company (CJSC) will dispatch auri-argentiferous alloys, produced in Chovdar Ore Processing Area located in Dashkasan district, to Switzerland for refining, and obtaining fine gold and silver. The Company signed an agreement with one of the highly-regarded refining companies of pre-cited country.

Taking into consideration the quality, price, goodwill etc. criteria conforming to international standards, “AzerGold” CJSC has researched the most influential refining companies for collaboration and applied to eligible ones.

At the same time, refining companies representing different countries researched the compliance of “AzerGold” CJSC with standard international requirements and its transparency based on several criteria. Gold producing companies are researched in accordance with internationally applied key requirements – KYC (Know Your Customer) and “Due Diligence” procedures. Refineries provided a positive feedback only after it had been defined that the Company conforms to all standards. “AzerGold” CJSC recognized Swiss company “Argor-Heraeus SA” as a winner of the tender among those companies according to request for proposals, and the parties concluded an agreement. At the present, “AzerGold” CJSC is performing preliminary export-related work.

“AzerGold” Closed Joint-Stock Company was established according to the Decree of the President of the Republic of Azerbaijan Mr. Ilham Aliyev № 1047 dated February 11, 2015. The activity of the Company is distinguished by the development of   non-oil sector in Azerbaijan and its main objective is the study, research, exploration, management, as well as extraction, processing and sale of precious and non-ferrous metal ore deposits, implementation of new technologies in this field, modernization and efficient use of material and technical base, performance of other activities related to the development of the industry.