Ranked as Turkey’s 113th largest industrial enterprise, Aleks Metal Refinery plans to strengthen its existing cooperation with Azerbaijan’s state-owned mining company, “AzerGold” QSC.
 

Producing gold and precious metals in line with international standards, Aleks Metal Refinery has taken a new step as part of its global growth strategy. The company has initiated talks to further develop its relationship with Azerbaijan’s leading state-owned mining organization, “AzerGold” QSC.

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Overseas Expansion Initiative

In its first year of operation at the new production facility, Aleks entered Turkey’s Top 500 Industrial Enterprises list at 113th place, drawing significant attention. Continuing its growth in global markets, Aleks recently held a high-level meeting in Baku to explore new partnership opportunities with “AzerGold” QSC, a prominent name in Azerbaijan’s mining sector.
The Aleks delegation, led by Chairman of the Board Sarp Tarhanacı, met with Zakir Ibrahimov, Chairman of the Board of “AzerGold” QSC. The meeting included a detailed evaluation of expanding the scope of the cooperation, which began in 2025.

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About “AzerGold” QSC

During the meeting, Zakir Ibrahimov provided a comprehensive overview of “AzerGold” QSC’s operations. He emphasized that the company was established by the decree of the President of Azerbaijan, Ilham Aliyev, on February 11, 2015, as a state-owned mining entity.
“The primary mission of the company is to identify, extract, process, and add value to underground resources—especially gold, silver, and other precious metal deposits,” said Ibrahimov. “We conduct exploration activities to discover new mining sites and identify potential reserves. We carry out the extraction and refining processes for precious metals and manage their sale in domestic and international markets. Our aim is to transform the metals extracted in Azerbaijan into local production and national brands. Most importantly, we operate with environmental responsibility and comply with international financial and environmental standards.”

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Sustainability and Global Footprint

During the meeting, Sarp Tarhanacı gave a presentation on Aleks Metal Refinery’s approach to environmental sustainability and its advanced production infrastructure. He highlighted Aleks’s strong global presence, with offices in the U.S., Singapore, the United Arab Emirates, and European countries.
Tarhanacı also noted that Aleks is a member of the Responsible Jewellery Council (RJC), positioning the company among a select group of manufacturers committed to environmentally and socially responsible practices. “In this respect, Aleks and ‘AzerGold’ share a common ground with a focus on environmentally conscious production,” he emphasized.

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Global Strategy with Central Banks

Aleks Metal Refinery is also in active dialogue with leading central banks worldwide. Tarhanacı pointed out that global gold reserves held by central banks exceed $3 trillion, with these institutions purchasing approximately 10% of the gold produced annually.
“Many developing countries lack modern refinery infrastructure,” said Tarhanacı. “Our goal is to become a reliable and preferred refinery that processes gold ores from these regions in accordance with international standards and transforms them into reserves,” he added.

Note: Images related to the press release are attached to the email.

Caption: Company representatives from both sides came together during the meeting in Baku. (From left to right) Tunca Cingöz, Necmi Korkmaz, Leyla Sadikhova, Sarp Tarhanacı, Demir Tarhanacı, Ariz Tarverdiyev.