(MENAFN- Trend News Agency) BAKU, Azerbaijan, December 20. Anglo Asian
Mining PLC has written to senior representatives from a number of
international organizations and governments, including the UN, the
US State Department, the UK Foreign Office and the EU about Anglo
Asian's business and mining rights to properties currently being
exploited by others, trend reports via the company.
The company is requesting support from these authorities for the
restoration of its legitimate business rights and the safe physical
access for Anglo Asian's employees to the 'Gizilbulagh' and the
'Damirli' mines and surrounding exploration territory in
Azerbaijan's Karabakh
In 2006, Anglo Asian sent similar letters of confirmation to
each of these government bodies to formally confirm its priority of
ownership.
In addition to its principal assets in Azerbaijan, Anglo Asian
Mining PLC also has legal title to two contract areas in Karabakh -
the 'Gizilbulagh' gold deposit and the 'Damirli' copper-molybdenum
deposit. These contract areas are within the region controlled by
the Russian peacekeepers, but the company believes illegal mining
by Armenian companies has been and continues to be conducted in
these areas.
Anglo Asian Mining PLC, a producer of gold, copper and silver in
Central Asia, owns an extensive production portfolio and mining
assets in Azerbaijan. As of December 31, 2021, the company had
produced 64,610 ounces of gold equivalent.
In December 2021, the company undertook a private placement
which acquired 19.8 percent of Libero Copper & Gold Corporation
('Libero'). Libero is listed on the Canadian Stock Exchange (TSX
Venture Exchange) and owns or has the opportunity to acquire mining
rights at several copper mines in the Americas, including the
world's largest undeveloped copper-molybdenum deposits, including
Mocoa in Colombia.
On July 5, 2022, the Milli Majlis (Parliament) of Azerbaijan
approved the amendments to the Agreement of the company“On
Production Sharing”. These changes gave the company 3 additional
concessions with a total area of 882 square kilometers, including a
copper field in Karabakh. During the Soviet period, it was
estimated that the deposit held more than 300,000 tons of
copper.
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