Azerbaijan increases copper export

Anglo-Asian Mining Company engaged in gold field development in Azerbaijan is planning to produce at least 1000 tonnes of copper by the end of 2011, said Reza Vaziri, Anglo-Asian Mining CEO, president of Azerbaijan International Mining Operation Company.

He said a part of produced copper was exported and other part is prepared for the export. "We export copper to South Korea", said Vaziri and added that copper has relative humidity and therefore it is sold at lower prices in the world market. "The newly-installed technologies will enable us to decrease the humidity. Now we are negotiating the export issues with several potential customers".

Azerbaijan prefers to take its part in cooper production in the form of gold. "According to the agreement reached with the government, the country’s copper production incomes share will be paid with gold. The government intends to preserve gold resources".


/APA/