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ASOIU signs a memorandum of cooperation with "Dashkasan Iron Ore" LLC

10 March 2021 17:50 (UTC+04:00)
ASOIU signs a memorandum of cooperation with "Dashkasan Iron Ore" LLC

By Trend

On March 10 the memorandum of cooperation has been signed between "Dashkasan Iron Ore" LLC, the subsidiary company of “AzerGold” Closed Joint-Stock Company (CJSC), and Azerbaijan State Oil and Industry University (ASOIU).

The memorandum was signed by Ogtay Mammadov, General Director of "Dashkasan Iron Ore" LLC, and ASOIU's Rector Mustafa Babanli.

According to the memorandum, based on mutual agreement, it is planned to jointly design and implement the conception of the study, exploration of ferrous metal ore deposits, to train qualified personnel for the application of new technologies in this field in the country. In addition, the document includes the involvement of undergraduate and master's students of various faculties of the university in the company's practical internship.

It is planned to involve selected students in practical internships in scientific research and design work, jointly compiling the topics required for the thesis, scientific works, etc. as well as to award distinguished students scholarships and prizes.

Notably, by the Presidential Decree dated August 6, 2020, the Company AzerGold CJSC has been instructed to prepare a preliminary assessment document in connection with the commissioning of the "Dashkasan Iron Ore" field, the largest iron ore deposit complex in the region.

By the Decree of the President dated September 1, 2020, research, exploration, development, and management of ferrous metal ore deposits in the country, as well as other tasks related to the development of this field, were added to the Company's activities. "Dashkasan Iron Ore" LLC as a subsidiary legal entity was established by AzerGold CJSC on December 14, 2020, in order to fulfill the tasks arising from these documents and to organize activities on iron ore deposits in the country.

The goal is to make additional socio-economic contributions to the development of the country's economy, including the region, by the re-commissioning of the Dashkasan iron ore field, one of the largest projects of the joint-stock company.

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