Anglo Asian Mining Plc. Commences Production at Demirli Deposit in Karabakh

Azerbaijani economy is set to benefit from Anglo Asian Mining Plc's strategic move to expand its operations in the region, particularly in the Karabakh economic region. The company's CEO, Rza Vezirov, proudly announced the start of production at the Demirli deposit, a significant milestone in their plan to become a diversified and medium-sized copper producer. With the completion of environmental and social impact assessments, and the preparation of technical designs for a new tailings facility, the mine is poised to contribute to the local economy and support the region's growth.

Key Takeaways:

• Anglo Asian Mining Plc. has started preparations for the start of production at the Demirli deposit in Karabakh, marking the second new mine commissioned by the company this year.
• The company forecasts producing 4,000 tons of copper concentrate at Demirli in 2025, increasing to 15,000 tons per year from 2026.
• Demirli is a large open-pit mine with a flotation plant, and an environmental and social impact assessment (ESIA) has been completed.
• Up to 150 new employees have been hired in the mining and processing sector, while 50 people have been transferred from other mines.
• Anglo Asian plans to explore new copper reserves in the nearby area.
• The company aims to achieve an annual production of 50-55 thousand tons of copper by 2030.
• The start of production at Demirli is expected to contribute to the restoration of the Karabakh economic region, supporting the local economy.

Statistics:

• 4,000 tons of copper concentrate expected to be produced at Demirli in 2025.
• 15,000 tons of copper concentrate to be produced per year from 2026 onwards.
• Up to 150 new employees hired in the mining and processing sector.
• 50 people transferred from other mines.
• In 2030, Anglo Asian aims to achieve an annual production of 50-55 thousand tons of copper.

Sources:

• APA-Economics
• Anglo Asian Mining Plc.
• Azeri-Press news agency