BAKU, Azerbaijan, September
23.The annual export potential of Azerbaijan's
mining and metallurgical industry is planned to reach approximately
$2 billion, based on 2025 average global prices.
This is outlined in the "State program for the development of the mining
(metal ores) and metallurgical industry in Azerbaijan for
2027–2030," approved by the decree of the President of the Republic
of Azerbaijan Ilham Aliyev.
According to the State Program, it's planned to create new
production capacities in the field and commission processing and
metallurgical enterprises. In this framework, it's planned to
create a beneficiation plant, a pellet production plant and a hot
briquetted iron (IBD) production plant for the Dashkasan iron ore
project, a new rolling plant of Baku Steel Company CJSC, an
electrolysis plant of Azeraluminum LLC in Ganja, a calcination and
anodizing plant based on technical and economic justification, as
well as a flotation plant on the Soyudlu (Zod) field.
In the document, attracting foreign investments in the relevant
field and increasing the added value created in the sector by more
than two times due to the production capacities planned to be
created is also defined as a goal.
The main goals of the state program include the development of
sustainable and competitive production, expansion of the
mineral-raw material base, development of geological exploration
and ensuring efficient exploitation of existing deposits.
In addition, it’s envisaged to form an integrated production and
processing chain from ore to the final product, to increase the
production and export potential of metallurgical products with high
added value, and to integrate processed metallurgical products into
other areas of industry as raw materials and semi-finished
products.
Expanding the application of modern technologies, digital
solutions and innovative production methods, promoting the
attraction of investments, and strengthening the potential of human
capital and qualified staff are among the priorities of the
program.
The document also provides the possibility of formation of
Azerbaijan as a processing center for regionally strategically
important minerals, including rare earth elements, and the
evaluation of relevant institutional, infrastructure and investment
bases.
One of the priority directions of the state program is the
strengthening of the institutional and normative-legal base, as
well as the technical infrastructure. For this purpose, it's
envisaged to improve the mechanisms of using the underground, to
adapt and digitize the preparation and presentation of geological
data to international standards.
At the same time, it’s planned to adapt to modern economic,
ecological and technological challenges, to create laboratory
facilities that meet international standards, thereby increasing
the sector's competitiveness and investment attractiveness.
