Anglo Asian Mining PLC Environmental report and restart of operations (7218N)
September 26 2023 - 9:52AM
UK Regulatory
TIDMAAZ
RNS Number : 7218N
Anglo Asian Mining PLC
26 September 2023
26 September 2023
Anglo Asian Mining plc
Final Micon environmental report and restart of operations
Anglo Asian Mining plc ("Anglo Asian" or the "Company"), the AIM
listed gold, copper and silver producer focused on Azerbaijan
announces that the final Micon report (the "Report") has been
delivered today, 26 September 2023 to the Company and the
Government of Azerbaijan (the "Government").
Following the receipt of the Report, the Prime Minister of
Azerbaijan issued a press release saying that based on the Report
the Gedabek plant can gradually restart operations. The restart of
operations will take place in accordance with a timetable to be
agreed with the Government. The Company and the Government will
also work together to implement Micon's recommendations for the
Gedabek operation contained in the Report.
The Company will release further details as they become
available, including a summary of the key findings of the
Report.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014, which was incorporated into UK law by
the European Union (Withdrawal) Act 2018, until the release of this
announcement.
For further information please contact:
Anglo Asian Mining plc
Tel: +994 12 596
Reza Vaziri, Chief Executive Officer 3350
Tel: +994 502 910
Bill Morgan, Chief Financial Officer 400
Tel: +994 502 916
Stephen Westhead, Vice President 894
SP Angel Corporate Finance LLP (Nominated Tel: +44 (0) 20
Adviser and Broker) 3470 0470
Ewan Leggat
Adam Cowl
Hudson Sandler (Financial PR) Tel: +44 0) 20 7796
Charlie Jack 4133
Harry Griffiths
Notes to editors
Anglo Asian Mining plc (AIM:AAZ) is a gold, copper and silver
producer with a high-quality portfolio of production and
exploration assets in Azerbaijan. The Company produced 57,618 gold
equivalent ounces ("GEOs") for the year ended 31 December 2022.
On 30 March 2023, the Company published its strategic plan for
growth which shows a clearly defined path for the Company to
transition to a multi-asset, mid-tier copper and gold producer by
2028. By 2028, copper will be the principal product of the Company,
with forecast production of around 36,000 copper equivalent tonnes.
It plans to achieve this growth by bringing into production four
new mines during 2023 to 2028 at Zafar, Gilar, Xarxar and
Garadag.
The Company owns approximately 17.4 per cent. of Libero Copper
& Gold Corporation ("Libero"). Libero is listed on the TSX
Venture Exchange in Canada and owns, or has the option to acquire,
several copper exploration properties in North and South America,
including Mocoa in Colombia, one of the world's largest undeveloped
copper-molybdenum resources.
https://www.angloasianmining.com/
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END
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