AzerGold CJSC’s Chairman Zakir Ibrahimov met with Guinea-Bissau’s foreign affairs and environment ministers to discuss potential collaborations in the mining sector. The parties agreed to utilize advanced geological research methods to assess Guinea-Bissau’s mineral resources and signed a Non-Disclosure Agreement to protect shared information.
On December 2, Zakir Ibrahimov, the Chairman of the Executive Board of AzerGold CJSC, held discussions with a delegation from Guinea-Bissau, led by Carlos Pinto Pereira, the Minister of Foreign Affairs, and Viriato Cassama, the Minister of Environment, Biodiversity, and Climate Action. During this meeting, Mr. Ibrahimov highlighted AzerGold’s achievements and strategic plans aimed at enhancing economic efficiency in the mining sector while adhering to local and international environmental protection standards.
Mr. Ibrahimov emphasized AzerGold’s successful collaborations with foreign partners and conveyed the company’s intent to expand its operations beyond Azerbaijan, specifically targeting Africa due to its vast mineral resources. In response, Mr. Pereira expressed an eagerness to strengthen bilateral relations and outlined potential investment opportunities emerging in Guinea-Bissau’s mining sector.
Minister Cassama acknowledged the nascent stage of the mining industry in Guinea-Bissau and expressed a desire to leverage AzerGold’s expertise. He noted that the most recent geological survey of the nation dates back to the 1970s, underscoring the need for modern methods to identify promising areas for mineral exploration.
The discussions culminated in an agreement for AzerGold to assess the mineral potential of Guinea-Bissau through advanced techniques such as mapping and hyperspectral satellite imaging. This non-invasive approach will facilitate preliminary geological explorations in the region. Furthermore, the Azerbaijani firm is positioned to evaluate future gold mining initiatives based on its extensive experience.
To formalize their collaboration and protect sensitive information, a Non-Disclosure Agreement was executed between Mr. Ibrahimov and Minister Cassama following the meeting.
The meeting between AzerGold CJSC and Guinea-Bissau officials signifies an expanding interest in international partnerships within the mining sector. AzerGold, an Azerbaijani state-owned enterprise, focuses on advancing mining operations while promoting environmental sustainability and social responsibility. Guinea-Bissau, known for its untapped mineral resources, is looking to attract foreign investment to develop its nascent mining industry, thus exploring the possibility of future collaborations with experienced foreign companies.
The discussions between AzerGold and Guinea-Bissau authorities illustrate a mutual interest in leveraging each other’s strengths for the sustainable development of the mining sector in Guinea-Bissau. The commitment demonstrated by both parties to assess the mineral potential using innovative techniques indicates a promising future for collaboration. The signing of a Non-Disclosure Agreement further solidifies the intent to share knowledge and resources responsibly, paving the way for substantial economic development in the region.
Original Source: report.az
