Mineral deposits will be put into operation in the form of an auction

 Mineral deposits will be put into operation in the form of an auction for the first time. In this regard, the Auction Center of the State Service on Property Issues for Organizing Auctions under the Ministry of Economy reached an agreement with the State Agency for the Use of Mineral Raw Material Resources under the Ministry of Ecology and Natural Resources. It aims at expanding a competitive economic environment based on the principles of sustainable development in the regions, and forming an environmental safety system that ensures the efficient use of natural resources and reliable environmental protection.

Note that the deposits located in Agjabedi, Beylagan, Goranboy, Goygol, Gazakh and Tovuz regions will initially be put into operation through auction. In addition, the existing mineral deposits in the liberated territories are planned, upon the revaluation, to be put into operation in the form of an auction in accordance with the legislation.

Detailed information on the conditions of the auction and mineral deposits to be commissioned will be posted in advance on the official website of the Economy Ministry’s State Service on Property Issues (emlak.gov.az) and the Privatization Portal (privatization.az).