Shahbulag Mining LLC was established

A cooperation agreement was signed with StarMining LLC, which became the winner of the competition held by Azerbaijan Investment Company OJSC (AIC) to select potential investors to  make investments in the Shahbulag quarry project located in the territories liberated from occupation.

Shahbulag Mining LLC was established as the next stage of the project between AIC and StarMining LLC with 30 % and 70 % participation respectively.

Geological exploration is currently underway to determine the reserves of the Shahbulag deposit, as well as the necessary work to launch the production process in parallel.

It should be noted that the implementation of the project will contribute to the rapid development of the restoration, reconstruction and construction work in the liberated territories, will make it possible to meet the need for sawdust in a more cost-effective and profitable way, and will ensure new job opportunities in the region.