Azerbaijani President Ilham Aliyev has instructed to ensure the launch of several new mining enterprises by 2031 to create a full production chain and increase aluminum production to 100,000 tons per year (currently 50,000 tons – IF-U).
"If there are interesting proposals from foreign partners for the development of the aluminum industry, they can be implemented. The volume of production of the aluminum industry should be increased to 100,000 tons," Aliyev said on Tuesday at a meeting dedicated to the implementation of the state program for the development of the mining and metallurgical industry for 2027-2030.
He noted that the program "should create a complete chain of the mining industry, right down to the final product." It is planned to launch iron ore processing, rolling and briquetted iron in the next four years.
"The transportation of raw materials occupies an important place. Therefore, in order to ensure economic efficiency, it is necessary to provide preferential tariffs for transportation. It is necessary to conduct a maximum environmental assessment and comply with all environmental regulations," the President stressed.
Aliyev also noted at the meeting that currently the development of the mining industry in the country "has not reached the proper level, both from an objective and subjective point of view of the reason."
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