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BAKU - Anglo Asian Mining PLC (AIM:AAZ) has commenced production at its Demirli copper mine in Azerbaijan’s Karabakh Economic Region, the company announced Monday in a press release.
The mine is expected to produce approximately 4,000 tonnes of copper in concentrate during 2025, with production anticipated to increase to around 15,000 tonnes annually from 2026 onwards. The life of mine will be determined following future development of the geological and mineral resource model.
Ore from the open-pit operation is being transported by truck to a flotation plant powered by Azerbaijan’s national grid. Water is sourced locally and regionally, with water and flotation tailings currently being discharged into an existing tailings dam as an interim measure. The company has completed designs for a new tailings dam.
Anglo Asian has recruited approximately 150 new full-time employees to operate the mine and plant, with an additional 50 experienced employees transferred from the company’s other operations. Various contractors are also working on site under the company’s supervision.
The company has completed a full environmental and social impact assessment for the project. According to the press release, there is potential for additional mineral resources at Demirli, with known extensions to the current pit area and other nearby copper targets identified for future evaluation.
Demirli represents the second new mine to enter Anglo Asian’s production portfolio in 2025. The company stated it will issue revised production guidance for 2025 in due course.
CEO Reza Vaziri acknowledged the support of AzerGold Closed Joint Stock Company and the Government of Azerbaijan in facilitating the development of the mine, which he described as "a significant step in the Company transitioning into a multi-asset, mid-tier mining company focused in Azerbaijan."
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