24th Jun 2025 07:00
24 June 2025
Anglo Asian Mining PLC
Inaugural ESG Rating
Anglo Asian Mining PLC ("Anglo Asian" or the "Company"), the AIM listed gold, copper and silver producer primarily focused on Azerbaijan, is pleased to announce that it has received its inaugural Sustainability rating from Digbee Ltd ("Digbee"), an independent provider of ESG disclosure and benchmarking for the mining sector.
An expert panel of globally recognised sustainability professionals awarded Anglo Asian an overall BB rating for both its corporate-level sustainability performance and that of its Gedabek asset. The BB rating reflects a strong foundation from which the Company can continue to enhance its ESG performance, demonstrating Anglo Asian's commitment to international best practice, transparent reporting, and continuous improvement.
Digbee's assessment considered a wide range of factors, including the specific context of the Company's operations and the effectiveness of its ESG risk management strategies. Ratings range from AAA to D, with the BB rating representing an average of individual component scores.
Responsible operational management and sustainability leadership are central to Anglo Asian's long-term growth strategy. As the Company transitions to become a primarily copper-focused producer, supporting the global energy transition, embedding ESG principles into all aspects of its business remains a key strategic priority.
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Figure 1: A graphic representation of Anglo Asian's overall Sustainability risks and opportunities. The rating bands from AAA to BB give credit for present positives/opportunities. The bottom five rating bands of B to D reflect present negatives/threats. |
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Figure 2: A graphic representation of Anglo Asian's corporate ESG risks and opportunities. |
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Figure 3: A graphic representation of Anglo Asian's ESG risks and opportunities at its Gedabek site. 'Action' scores reflect the Company's strategic and operational efforts to manage ESG risks; and 'Context' scores relate to external factors that are largely outside of the Company's control. For more information on how Digbee ESG Ratings are calculated, please visit https://digbee.com/esg/how-the-scoring-works. |
Stephen Westhead, Vice President of Anglo Asian, commented:
"This rating from Digbee is an important milestone for Anglo Asian and reinforces our commitment to being a responsible operator with a clear roadmap for continuous improvement. The assessment involved a detailed review of both our corporate activities and the Gedabek operation, with both receiving a BB rating. It provides a credible and objective baseline to track our progress as we work to enhance our sustainability practices and build long-term resilience across our business.
We recognise where further progress is needed and are actively addressing those areas to strengthen our ability to mitigate ESG risks and align with international best practice. As we transition to a mid-tier copper producer, integrating sustainability into every aspect of our operations is central to our strategy. Copper is essential to the global energy transition, and we are proud to contribute to that future through responsible resource development, including at our newest mine, Gilar.
An independent ESG rating also has the potential to provide a trigger for future finance opportunities. It demonstrates the company's commitment to meeting global standards that are often utilised to benchmark companies for public reporting, investment opportunities and corporate integrity and credibility."
Jamie Strauss, Founder and CEO of Digbee, commented:
"We are delighted to support Anglo Asian as they deliver on their journey towards greater recognition of being a responsible miner. This inaugural Digbee assessment not only demonstrates the company's genuine commitment to responsible practices at every level of the organisation, but also provides a clear roadmap to lower risk. By embedding independent assessment into their strategy, Anglo Asian is building trust with stakeholders and setting themselves apart as a company that proactively manages its sustainability performance."
For further information please contact:
Anglo Asian Mining plc | |
Reza Vaziri, Chief Executive Officer | Tel: +994 12 596 3350 |
Bill Morgan, Chief Financial Officer | Tel: +994 502 910 400 |
Stephen Westhead, Vice President | Tel: +994 502 916 894 |
SP Angel Corporate Finance LLP (Nominated Adviser and Broker) Ewan Leggat Adam Cowl | Tel: +44 (0) 20 3470 0470 |
Hudson Sandler (Financial PR) Charlie Jack Harry Griffiths Kristina Gaysina
| Tel: +44 (0) 20 7796 4133
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About Anglo Asian Mining
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 16,760 gold equivalent ounces ("GEOs") for the year ended 31 December 2024. Production was severely restricted in 2024 due to a partial environmental shutdown but was fully restarted by the end of the year.
The Company's strategic plan for growth shows a clearly defined path for the Company to transition to a multi-asset, mid-tier, copper and gold producer by 2029, by which time copper will be the principal product of the Company, with forecast production of around 50,000 to 55,000 copper equivalent tonnes. It plans to achieve this growth by bringing into production four new mines during the period 2025 to 2029 at Gilar, Zafar, Xarxar and Garadag. The first of these new mines, Gilar, started production in May 2025.
https://www.angloasianmining.com/
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