3rd Nov 2025 11:49
Anglo Asian Mining PLC - Azerbaijan-focused gold, copper and silver producer - Announces agreement to sell copper concentrate from its Demirli copper mine in Karabakh to Trafigura Pte Ltd. Says the contract includes a revolving prepayment facility worth up to USD25 million. Company now has the licences necessary to operate the mine's processing plant, although the finalisation of the relevant documents is ongoing. The operating lease for the plant started on Saturday. It also has a permit to use the existing tailings dam for up to 12 months, with a second dam to be constructed during that time. Anglo Asian says the sales contract with Trafigura has been approved by the Government of Azerbaijan, and it expects to complete the first concentrate sale in mid-November.
"I am delighted that we have received all the relevant licenses to operate the plant and tailings dam at Demirli, an important milestone as the mine becomes fully operational and increasingly contributes to group production," comments Chief Executive Officer Reza Vaziri. "The obtaining of all relevant licenses together with the Trafigura sales contract enables us to now commence copper concentrate sales and deliver value from Demirli."
Current stock price: 215.00 pence
12-month change: up 87%
By Emma Curzon, Alliance News reporter
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