AzerGold CJSC, led by Zakir Ibrahimov, met with Guinea-Bissauan officials to discuss potential mining collaboration. The talks focused on the exploration of mineral resources in Guinea-Bissau, emphasizing modern geological mapping techniques. A Non-Disclosure Agreement was signed to safeguard future cooperative efforts and outline strategies for assessing the mining sector.
On December 2, 2023, Zakir Ibrahimov, the Chairman of the Executive Board of AzerGold CJSC, engaged in discussions with a delegation from Guinea-Bissau, which included Carlos Pinto Pereira, the Minister of Foreign Affairs, and Viriato Cassama, the Minister of Environment. Mr. Ibrahimov presented an overview of AzerGold’s achievements, strategic initiatives, and commitment to enhancing economic performance within the mining sector, while emphasizing environmental stewardship and adherence to local as well as international regulations.
Mr. Ibrahimov highlighted AzerGold’s fruitful collaboration with international partners and outlined the Company’s plans to extend its operations beyond Azerbaijani borders, particularly into Africa, a continent noted for its wealth of mineral resources. Minister Pereira expressed interest in advancing bilateral relations and discussed the growing opportunities within Guinea-Bissau’s mining industry for outside investors.
In response, Minister Cassama remarked on the nascent stage of Guinea-Bissau’s mining sector and expressed a desire to leverage AzerGold’s expertise. Furthermore, he pointed out that the latest geological survey of the region was conducted in the 1970s and emphasized the need for modern exploration techniques to identify viable mining regions. The parties explored potential collaboration based on AzerGold’s innovative geological research methodologies, concluding with an agreement for AzerGold to assess promising mining areas in the country.
The agreement includes a range of activities such as mapping and hyperspectral satellite imaging, which will be non-invasive and vital for data gathering and initial geological exploration in Guinea-Bissau. Additionally, AzerGold expressed its readiness to evaluate future initiatives regarding the exploitation of identified gold deposits.
To formalize their cooperation, a Non-Disclosure Agreement was executed by Zakir Ibrahimov and Minister Cassama, signaling a commitment to confidentiality regarding the discussed initiatives for exploration and resource management.
AzerGold CJSC is a significant player in the mining industry and is known for its innovative approaches and successful partnerships with foreign entities. The company is strategically looking to expand its operations to Africa, an area ripe with untapped mineral wealth. Guinea-Bissau, with a developing mining sector, presents a unique opportunity for collaboration and investment, particularly in modern exploration techniques which have been lacking since the last geological assessments conducted decades ago. This meeting indicated a mutual interest in leveraging AzerGold’s expertise to foster economic growth through responsible mining practices.
The meeting between AzerGold and Guinea-Bissauan officials marks a pivotal step toward potential collaboration in the mining sector. Both parties recognize the need for innovative exploration techniques to effectively tap into the country’s resource potential. With the signing of a Non-Disclosure Agreement, AzerGold aims to conduct critical assessments that could pave the way for future mining initiatives, fostering economic development while maintaining a commitment to environmental standards.
Original Source: report.az
