A feasibility study for building a production chain at the Dashkesan iron ore deposits complex in Azerbaijan will be conducted after Dashkesan Iron Ore LLC, a subsidiary of CJSC AzerGold, signed an agreement with China's Sinosteel Equipment & Engineering Co Ltd.
AzerGold said in its statement that the parties signed an agreement in Beijing on Friday (11 July) for the preparation of a comprehensive bankable feasibility study in order to ensure commercially effeciancy and sustainble operation of the Dashkesan iron ore deposits.
Dashkesan iron ore deposit is the largest iron ore depositis complex of the region consisitng of six deposits in total.
"Under the contract valued at $2.45 million a document will be prepared within two years, covering the most optimal economic and environmental approaches for mining," AzerGold stated.
The Chinese company was selected following negotiations with several global firms specializing in this field, conducted by Dashkesan Iron Ore LLC since mid-2024.
Sinosteel Equipment & Engineering Co Ltd is a subsidiary of state corporation Sinosteel Group, which specializes in metallurgy and primary industry. The company has wide-ranging experience in the development of iron ore deposits both within China and overseas and has implemented similar industrial projects in Turkey, Australia, South Africa, Algeria and India.
The finalized document will serve as a primary reference for attracting investors and financial institutions to fund the project. It will include detailed information on the economically viable volumes of ore to be produced and processed, recommended technological solutions, and key construction and engineering requirements—paving the way for the full-scale development of the deposit.
In addition to Sinosteel, local contractors will also be involved in preparing specific components of the study.
Since 2020, Dashkesan Iron Ore LLC has carried out extensive geological exploration at the deposit. A reassessment of mineral resources, aligned with international standards, confirmed an increase of 70 million tonnes in ore volume, bringing the total to 187.3 million tonnes.
“It was also decided to establish a three-stage production chain to ensure the economic viability of the deposit,” the press release stated.
“This includes the construction of a Beneficiation Plant to produce iron ore concentrate, a Pellet Plant to process the enriched concentrate, and an HBI Plant to manufacture high-iron-content hot briquetted iron (HBI). Initial design documents have been prepared for these facilities, along with a slurry pipeline to transport the concentrate between them.”
The company reported that, for the first time, it successfully produced iron ore concentrate with up to 69% iron content and HBI with up to 97% metallization in a laboratory setting.
Based on these results, an updated implementation strategy and a roadmap covering both technical and economic aspects of the project were approved.
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