AzerGold and Kyrgyzaltyn discuss cooperation prospects in Bishkek
Baku, September 14, AZERTAC
Zakir Ibrahimov, Chairman of the Executive Board of AzerGold CJSC, and Kubat Abdraimov, Chairman of the Board of Kyrgyzaltyn OJSC, met in Bishkek as part of the AzerGold delegation’s business visit to the Kyrgyz Republic.
The meeting focused on matters arising from the Memorandum of Cooperation and Interaction between AzerGold CJSC and Kyrgyzaltyn OJSC, signed on July 31, 2026, in Cholpon-Ata, Kyrgyzstan, during the third meeting of the Intergovernmental Council between Azerbaijan and Kyrgyzstan in the presence of the two countries’ heads of state. The sides also discussed opportunities to develop mutually beneficial cooperation in the mining sector and pursue potential joint projects.
Zakir Ibrahimov noted that the strong friendship and brotherly ties between Azerbaijan and Kyrgyzstan, strengthened under the leadership of the two countries’ leaders, create a favorable environment for expanding economic relations, including cooperation in the mining sector.
During the meeting, information was shared on AzerGold’s experience in geological exploration, mineral resource assessment, mining and processing. The sides were also briefed on geological exploration activities underway in Azerbaijan’s liberated Karabakh and Eastern Zangazur economic regions, as well as the application of advanced airborne electromagnetic and other non-invasive exploration methods.
Expanding its international operations is one of AzerGold’s strategic priorities. The company is therefore exploring opportunities for joint mining and geological exploration projects across Central Asia.
Zakir Ibrahimov stated that the company is ready to cooperate in the exploration and development of gold and other mineral deposits, as well as in the application of advanced geological research methods.
Kubat Abdraimov, Chairman of the Board of Kyrgyzaltyn OJSC, provided an overview of reforms implemented in Kyrgyzstan’s mining industry in recent years, the company’s current project portfolio and the sector’s development prospects. He also spoke about efforts to improve the structure of the state-owned company, expand the operational capabilities of its subsidiaries and implement new projects.
Kubat Abdraimov noted that over the past five years, the mining industry in Kyrgyzstan has become one of the leading sectors of the national economy. According to him, large-scale reforms have been carried out in the sector since 2020, with significant steps taken to attract investment and strengthen international cooperation.
The Chairman of the Board of Kyrgyzaltyn also addressed cooperation with AzerGold, noting that the Azerbaijani side’s proposal for cooperation and mutual support had been positively received by Kyrgyzaltyn. He said that the discussions could open up new opportunities for cooperation and that promising existing projects could be jointly considered by the two sides.
The sides held a substantive exchange of views on the establishment of joint ventures for prospective deposits, investment models, the assessment of geological exploration results in accordance with international standards, as well as financing opportunities for new projects.
At the conclusion of the meeting, the sides agreed to continue discussions on areas of mutual interest and further expand cooperation through the implementation of practical projects.
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