21st Apr 2021 11:30
Anglo Asian Mining PLC - gold, copper and silver producer operating in Azerbaijan - Obtains ratification for the first of two permitted five-year extensions of the production sharing agreement for its Gedabek contract area. Says it is also currently in negotiations with the government of Azerbaijan to get an extension of its existing contract areas and for new contract areas in the country.
"This extension has been ratified by the government of Azerbaijan during on-going negotiations for the company to increase its land under concession in Azerbaijan both through enlargement of its existing contract areas and the licencing of new areas. This will enable the company to expand its operations in the country," says Chief Executive Reza Vaziri.
Current stock price: 134.00 pence, up 7.2% on Wednesday
Year-to-date change: up 1.9%
By Zoe Wickens; [email protected]
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