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Anglo Asian Mining ( (GB:AAZ) ) has provided an announcement.
Anglo Asian Mining has commenced production at its Demirli copper mine in Azerbaijan, marking the second new mine to start production in 2025. This development supports the company’s strategy to become a mid-tier copper producer. The Demirli mine is expected to produce approximately 4,000 tonnes of copper in concentrate in 2025, with production increasing to 15,000 tonnes annually from 2026. The project has undergone a full environmental and social impact assessment, and the company has recruited 150 new employees for its operations. The start of production at Demirli is a significant step in Anglo Asian Mining’s growth strategy, enhancing its position in the Azerbaijani mining industry and contributing to the economic development of the Karabakh region.
More about Anglo Asian Mining
Anglo Asian Mining plc is a gold, copper, and silver producer with a portfolio of production and exploration assets in Azerbaijan. The company is focused on transitioning into a multi-asset, mid-tier copper and gold producer by 2030, with copper expected to become its principal product. The company aims to achieve this growth by bringing several new mines into production, including the recently commissioned Gilar and Demirli mines.
Average Trading Volume: 89,966
Technical Sentiment Signal: Buy
Current Market Cap: £189.6M
See more data about AAZ stock on TipRanks’ Stock Analysis page.