BAKU, Azerbaijan, September 14. A meeting was
held between Zakir Ibrahimov, Chairman of the Executive Board of
AzerGold CJSC, and Kubat Abdraimov, Chairman of the Board of
Kyrgyzaltyn OJSC, as part of the business visit of the AzerGold
delegation, led by Zakir Ibrahimov, to the Kyrgyz Republic.


According to AzerGold, the meeting, held in Bishkek, focused on
matters arising from the Memorandum of Cooperation and Interaction
between AzerGold CJSC and Kyrgyzaltyn OJSC, signed on 31 July 2026
in Cholpon-Ata, Kyrgyzstan, during the third meeting of the
Intergovernmental Council between Azerbaijan and Kyrgyzstan, in the
presence of the Heads of State of the two countries. The parties
also discussed opportunities to develop mutually beneficial
cooperation in the mining sector and pursue potential joint
projects.


Zakir Ibrahimov noted that the strong friendship and brotherly
ties between Azerbaijan and Kyrgyzstan, strengthened under the
leadership of the leaders of the two countries, create a favourable
environment for expanding economic relations, including cooperation
in the mining sector.


During the meeting, information was shared on AzerGold’s
experience in geological exploration, mineral resource assessment,
mining and processing. The parties were also briefed on geological
exploration activities underway in Azerbaijan’s liberated Karabakh
and Eastern Zangazur economic regions, as well as the successful
application of advanced airborne electromagnetic and other
non-invasive exploration methods.


It was noted that expanding its international operations is one
of AzerGold’s strategic priorities. The company is therefore
exploring opportunities for joint mining and geological exploration
projects across Central Asia.


Zakir Ibrahimov stated that the company is ready to cooperate in
the exploration and development of gold and other mineral deposits,
as well as in the application of advanced geological research
methods.







Kubat Abdraimov, Chairman of the Board of Kyrgyzaltyn OJSC,
provided an overview of the reforms implemented in Kyrgyzstan’s
mining industry in recent years, the company’s current project
portfolio and the sector’s development prospects. He also spoke
about efforts to enhance the structure of the state-owned company,
expand the operational capabilities of its subsidiaries and
implement new projects.


Kubat Abdraimov noted that over the past five years, the mining
industry in Kyrgyzstan has become one of the leading sectors of the
national economy. According to him, large-scale reforms have been
carried out in the sector since 2020, with significant steps taken
to attract investment and strengthen international cooperation.


The Chairman of the Board of Kyrgyzaltyn also addressed
cooperation with AzerGold, noting that the Azerbaijani side’s
proposal for cooperation and mutual support had been positively
received by Kyrgyzaltyn. He said that the discussions could open
new opportunities for cooperation and that promising existing
projects could be jointly considered by the two sides.


The parties held a substantive exchange of views on the
establishment of joint ventures for prospective deposits,
investment models, the assessment of geological exploration results
in accordance with international standards, as well as financing
opportunities for new projects.


At the conclusion of the meeting, the parties agreed to continue
discussions on areas of mutual interest and to further expand
cooperation through the implementation of practical projects.