Dashkasan Iron Ore, a subsidiary of AzerGold, is leading the project after securing development rights in 2020. The complex features two key deposits, North-West and South-East, with open-pit mining reserves estimated at 57 million tons, averaging 36% iron content. In total, the raw material reserves for the area are projected to be around 309.16 million tons. According to the development plan, mining operations will run for 21 years, producing between 3 and 3.2 million tons annually, which will be processed at the new plant. Ongoing exploration aims to extend the mine's lifespan to 23-27 years. Future plans also include potential facilities for producing pellets and hot-briquetted iron (HBI) to support the complex's growth.
The project's goal is to meet Azerbaijan's rising demand for high-quality raw materials for steelmaking and to boost exports. Sporadic mining activity occurred at the site from 1994 to 2016, with full production halting in 2017. However, development resumed in June 2022 at the South-East deposit, where roughly 1.8 million tons of ore have already been accumulated.
Comments
No comment yet.