“From 2022, the main priority is to hold auctions, including in the liberated areas.”
The statement came from Minister of Ecology and Natural Resources Mukhtar Babayev at an event on the development of the mining sector, reforms and new financial mechanisms.
The Minister said that in order to meet the needs of these projects in mineral resources, the remaining reserves of mineral deposits in the liberated areas are being clarified and geological exploration and prospecting assessments are being carried out in potential deposits. In this regard, the reintegration of our liberated territories into the country’s economy by attracting local and foreign investment and ensuring economic activity is important. “
M.Babayev stressed that various geological-exploration works were carried out in the Karabakh region: “Numerous ores, non-ores, construction and building materials, drinking, mineral-thermal water deposits and manifestations were discovered, 167 of them were included in the Mineral Resources Base. We have large deposits of various types of mineral resources that will supply the domestic consumer market and even export to foreign markets. I believe that as a result of geological exploration in the region, new mineral deposits will be discovered, which will increase this potential. “Therefore, the support of entrepreneurs to the reforms and their activities in accordance with the established legislation is very important. I believe that our joint activities will give a new impetus to the development of this sector.”