BAKU, Azerbaijan, February 26. Anglo Asian Mining plc continues to evaluate its Demirli mining property in Azerbaijan and expects to restart production from the plant before the end of the year, Trend reports via the company.
Anglo Asian Mining’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 Zafar, Gilar, Xarxar and Garadag. The first of these new mines, Gilar will start production in early 2025. It is also planning to bring Demirli, a brownfield copper project to which it acquired access to 2024, into production in 2025.
Anglo Asian Mining plc 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.