Anglo Asian Mining Shares Plans To Increase Production In Azerbaijan
(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 5. Anglo Asian Mining
PLC [Public Limited Company], the AIM (Alternative Investment
Market) listed gold, copper, and silver producer, expects to
increase the production of precious metals in Azerbaijan by up to
50 percent, the company's press service told trend .
According to the press service, it's expected to bring these
figures up to 70,000-75,000 tons in gold equivalent and up to
15,500 tons in silver equivalent.
"From 2028, we expect an increase in production in copper
equivalent to 36,000 tons and 175,000 tons in gold equivalent.
Production growth is also expected due to the discovery of four new
deposits," the press service said.
Besides, the company is expected to produce up to 54,000 ounces
in gold equivalent this year, added the press service.
The main activity of Anglo Asian Mining in Azerbaijan is focused
in Gadabay, and this year the "Zafar" deposit is planned to be
commissioned in the Gadabay district. In addition, in the coming
years, Anglo Asian Mining plans to put into operation such contract
zones as "Garadagh", "Kharkhar" and "Damirli". On the liberated
territories, the company has already started the exploration of the
"Vezhnali" gold deposit in the Zangilan district.
Anglo Asian Mining mainly exports gold bars produced in
Azerbaijan to Switzerland. Meanwhile, copper is exported to
Georgia, Uzbekistan, and Türkiye.
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