Commissioning of some mineral deposits by auction was launched in accordance with an agreement signed in January this year between the Auction Center of the State Service for Property Issues under the Ministry of Economy and the State Agency for the Use of Mineral and Raw Materials under the Ministry of Ecology and Natural Resources. It is aimed at ensuring competitiveness, enabling more favorable conditions for entrepreneurs operating in this area and simplifying procedures through application of new approaches that meet modern challenges.

During the year, it is planned to commission 24 mineral deposits by auctions in the country in accordance with the "Regulations on rules and conditions of carrying out tenders and auctions for transfer of subsoil to use", approved by the Presidential Decree of the Republic of Azerbaijan "On state regulation of subsoil use" of October 23, 2003.

Initially, on April 16, an auction will be held for the commissioning of the Goygol-1 clay deposit. Legal entities and individuals of the Republic of Azerbaijan, as well as foreign states can participate in the auction.

To receive the terms of reference and participate in the auction, bidders must pay a service fee and initial auction price in the amount indicated in the auction announcement.

The announcement of the auction is available on the official website of the State Service for Property Issues (https://bit.ly/3tw0uA6) and on the Privatization Portal (https://bit.ly/3tw0uA6).