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 continue to hold auctions for the commissioning of mineral deposits.

The regular auction took place on June 23 at the Property Services Space. 55 ha area of “Horadiz” sand and gravel deposit located in the Fuzuli region was put up for auction on 5 LOTS and put into operation for up to 25 years. Note that an Expert Commission, consisting of employees of the Ministry of Economy, Ministry of Ecology and Natural Resources, Ministry of Emergency Situations and the Fuzuli Region Executive Power, was set up to conduct the auction.

The Atyal dolomite deposit in the Gobustan region will be auctioned on July 12 (https://bit.ly/3wUlClF), the Ganarchay sand and gravel deposit in the Gusar region and the Darazarat limestone deposit in the Siyazan region will be put up for auction on July 22 (https://bit.ly/3j1I4oV). To participate in the auction, bidders must pay a service fee and the advance payment in the amount of 10% of initial auction price specified in the auction announcement. The auctions are open to legal entities and individuals of the Republic of Azerbaijan and foreign countries.

Note that 3 mineral deposits were put into operation at the subsoil use auctions, which started this year.