A meeting was held at “AzerGold” with the Chinese delegation

A meeting took place between the Chairman of the Executive Board of “AzerGold” Closed Joint Stock Company (CJSC), Zakir Ibrahimov, the CEO of “Dashkasan Iron Ore” (DDF) LLC, Ceyhun Aliyev, and the management of “Azerbaijan Metal Company” LLC, with the representatives of “China Export & Credit Insurance Corporation” (Sinosure) and “Sinosteel Equipment & Engineering Co., Ltd” (Sinosteel).

Sinosure, China’s export credit insurance agency, and Sinosteel, a major Chinese mining and metallurgy corporation, participated as the primary Chinese partners.

The meeting focused on preparing a feasibility study for constructing a Hot Briquetted Iron (HBI) plant in Shamkir district.

In addition to the project’s technical details, the discussions also covered the identification of financing mechanisms and the attraction of primary loan funds from the Chinese market for this purpose. Representatives of “Sinosure” emphasized their support for the proposed financial mechanism. The parties also exchanged extensive views on potential areas of future cooperation regarding the project's implementation.

It should be noted that “Azerbaijan Metal Company” is a joint venture established by DDF LLC and Kazakhstan’s “Fonte GreenMet Investments Fund OEIC Limited.” The company is responsible for financing, designing, constructing, and operating the HBI plant, which will have an annual production capacity of 2 million tons. The plant, planned for construction in the Shamkir district, is expected to be commissioned in mid-2029.