Azerbaijan to auction Agchay facing stone deposit

The State Property Service under the Azerbaijani Economy Ministry has announced the open auction of the Agchay facing stone deposit located in the Khojaly district. 

The auction is scheduled for December 19 at 11:00 (GMT+4) and will take place at 20 Khalil Rza Uluturk Street, Nizami district, Baku, Caliber.Az reports per local media.

Both individuals and legal entities interested in participating can contact the State Agency for the Use of Mineral Resources, located at 31A Istiqlaliyyat Street, Sabail district, Baku.

Potential participants are required to submit the necessary documents, pay the registration fee, and provide a 10 per cent deposit to secure their place in the auction.

Moreover, the Azerbaijani previously occupied territories are rich in mineral resources, boasting over 155 types of minerals with significant strategic and economic value. Among them are five gold deposits, six mercury deposits, two copper deposits, as well as reserves of other valuable materials like lead, zinc, gypsum, and decorative stones such as agate and jasper.

These mineral deposits are particularly concentrated in Shusha, Khojaly, Khojavand, and Aghdam districts.

In Shusha, deposits of facing stones, clay, and medicinal mineral waters—comparable to Russia's renowned Yessentuki waters—are abundant. Meanwhile, the Khojaly district is home to reserves of limestone, sand, gravel, and freshwater resources.

The Aghdam district, known for its gold, copper, and lead deposits, also has extensive resources essential for cement, saw stone, and brick production.

These valuable resources underscore the economic potential of Azerbaijani previously occupied territories. 

By Aghakazim Guliyev