Anglo Asian Mining PLC Director's Shareholding (3018D)
October 23 2015 - 10:30AM
UK Regulatory
TIDMAAZ
RNS Number : 3018D
Anglo Asian Mining PLC
23 October 2015
Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector:
Mining
23 October 2015
Anglo Asian Mining plc ('Anglo Asian' or 'the Company')
Director's Shareholding
Anglo Asian Mining plc, the AIM listed gold producer in
Azerbaijan, announces that it was informed today that John
Monhemius, Non-executive Director of the Company sold 157,845
ordinary shares of 1 pence each in the Company ("Ordinary Shares")
held in his own name at a price of 5.50 pence per Ordinary Share
and bought 157,092 ordinary shares of 1 pence each which are held
in his Stocks and Shares ISA held with iWeb Share Dealing Service,
at a price of 5.52 pence per Ordinary Share.
Following the sale and purchase above, and allowing for dealing
costs, Mr Monhemius' total beneficial ownership in the Company now
consists of 341,890 Ordinary shares (which represents approximately
0.30% of the Company's issued share capital). 57,243 Ordinary
Shares are registered in the name of Johanna Monhemius' ISA and
284,647 Ordinary Shares are registered in the name of John
Monhemius' ISA.
**ENDS**
For further information please visit www.angloasianmining.com or
contact:
Reza Vaziri Anglo Asian Mining plc Tel: +994 12 596 3350
------------------- -------------------------- ---------------------
Bill Morgan Anglo Asian Mining plc Tel: +994 12 596 3350
------------------- -------------------------- ---------------------
Ewan Leggat SP Angel Corporate Finance Tel: +44 (0) 20 3470
LLP 0470
------------------- -------------------------- ---------------------
Stuart Gledhill SP Angel Corporate Finance Tel: +44 (0) 20 3470
LLP 0470
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Felicity Winkles St Brides Partners Ltd Tel: +44 (0) 20 7236
1177
------------------- -------------------------- ---------------------
Lottie Brocklehurst St Brides Partners Ltd Tel: +44 (0) 20 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. Gold production for the year ended 31 December 2014
from Gedabek totaled 60,285 ounces with 784 tonnes of copper also
produced. The Company has a second mine, Gosha, which is 50
kilometres from Gedabek, and the ore produced at Gosha is processed
at Anglo Asian's Gedabek plant. The Company is also developing the
Gadir underground mine which is co-located at the Gedabek site. The
Company's production target for full year 2015 is between 70,000
ounces and 75,000 ounces of gold. 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 has also
commenced production of a copper and precious metal concentrate
using a small scale, low capital expenditure flotation plant which
it has just commissioned. This will initially process tailings from
its agitation leach plant.
Anglo Asian is also actively looking 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
END
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