Anglo Asian Mining PLC British Ambassador to Azerbaijan visits Gedabek
October 19 2017 - 5:15AM
RNS Non-Regulatory
TIDMAAZ
Anglo Asian Mining PLC
19 October 2017
Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector:
Mining
19 October 2017
Anglo Asian Mining plc
British Ambassador to Azerbaijan visits Gedabek
New Presentation on Company web-site
Anglo Asian Mining plc ("Anglo Asian" or "the Company"), the AIM
listed gold, copper and silver producer focused in Azerbaijan, is
pleased to announce the recent visit by representatives of the
British Embassy in Azerbaijan to its Gedabek gold, copper and
silver mine. A presentation was made to the British Ambassador, Dr
Carole Crofts and the Head of the Department for International
Trade, Mr Steven Smith. The presentation can be found on the
Company's website at the following link
http://www.angloasianmining.com/investors/.
Anglo Asian Mining is the largest mining investor in Azerbaijan,
the second largest British investor in Azerbaijan (after British
Petroleum) and the only London stock exchange listed business which
operates exclusively in Azerbaijan. During the visit, ongoing and
future business relations between British companies and Azerbaijan
International Mining Company (AIMC), the wholly owned subsidiary of
Anglo Asian Mining, which operates the mining and processing
facilities in Azerbaijan were discussed.
Following the presentation to the representatives of the British
Embassy in Azerbaijan which included presenting the many corporate
social responsibility (CSR) projects in the local community and
contribution of the Company to the Azerbaijan economy, the
delegation was given a tour of the Gedabek contract area mines and
processing facilities. This included a visit to the Company's newly
opened Ugur Mine which has already had a positive impact on Anglo
Asian's gold production since mining commenced in September
2017.
Anglo Asian CEO Reza Vaziri commented: "It was a great pleasure
to host the British Ambassador and her colleagues at the Gedabek
mine site. We look forward to continuing our excellent relationship
with the British Embassy with a view to further contributing to the
ongoing mutual benefit of the association between Britain and
Azerbaijan."
*ENDS**
For further information please visit www.angloasianmining.com or
contact:
Anglo Asian Mining Tel: +994 12 596
Reza Vaziri plc 3350
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Anglo Asian Mining Tel: +994 502 910
Bill Morgan plc 400
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Anglo Asian Mining Tel: +994 502 916
Stephen Westhead plc 894
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Ewan Leggat SP Angel Corporate Tel: +44 (0) 20
Finance LLP 3470 0470
Nominated Adviser
and Broker
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Soltan Tagiev SP Angel Corporate Tel + 44 (0) 20
Finance LLP 3470 0470
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Susie Geliher St Brides Partners Tel: +44 (0) 20
Ltd 7236 1177
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Lottie Wadham St Brides Partners Tel: +44 (0) 20
Ltd 7236 1177
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Notes:
Anglo Asian Mining plc (AIM:AAZ) is a gold, copper and silver
producer in Central Asia with a broad portfolio of production and
exploration assets in Azerbaijan. The Company has a 1,962 square
kilometre portfolio, assembled from analysis of historic Soviet
geological data and held under a Production Sharing Agreement
modelled on the Azeri oil industry.
The Company developed Azerbaijan's first operating
gold/copper/silver mine, Gedabek, which commenced gold production
in May 2009. Gedabek is an open cast mine with a series of
interconnected pits. The Company also operates the high grade Gadir
underground mine which is co-located at the Gedabek site. The
Company has a second underground mine, Gosha, which is 50
kilometres from Gedabek. Ore mined at Gosha is processed at Anglo
Asian's Gedabek plant. The Company has also started production in
September 2017 from its Ugur open pit mine, a recently discovered
gold ore deposit at Gedabek.
Gold production for the year ended 31 December 2016 from Gedabek
totalled 65,394 ounces with 1,941 tonnes of copper also produced.
Gedabek is a polymetallic deposit and its ore has a high copper
content, and as a result the Company produces copper concentrate
from its Sulphidisation, Acidification, Recycling, and Thickening
(SART) plant. Anglo Asian also produces a copper and precious metal
concentrate from its flotation plant, which is processing tailings
from the agitation leach plant.
Anglo Asian is also actively seeking to exploit its first mover
advantage in Azerbaijan to identify additional projects, as well as
looking for other properties in order to fulfil its expansion
ambitions and become a mid-tier gold and copper metal production
company.
This information is provided by RNS
The company news service from the London Stock Exchange
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