Anglo Asian Mining PLC Meeting with residents of Soyudlu village
October 04 2023 - 2:17AM
RNS Non-Regulatory
TIDMAAZ
Anglo Asian Mining PLC
04 October 2023
4 October 2023
Anglo Asian Mining plc
Meeting with residents of Soyudlu village
Anglo Asian Mining plc ("Anglo Asian" or the "Company"), the AIM
listed gold, copper and silver producer focused on Azerbaijan
announces that the management of Azerbaijan International Mining
Company ("AIMC"), the Company's operating subsidiary in Azerbaijan,
met with the residents of Soyudlu village for a public debate on 28
September 2023.
The meeting was attended by members of the commission created
under the auspices of the Prime Minister of Azerbaijan (the
"Commission"), AIMC management and local residents to discuss the
environmental investigation at Soyudlu village. An overview of the
meeting is as follows:
-- Mr Mukhtar Babayev, Minister of Ecology and Natural Resources
and Chairman of the Commission, delivered a presentation on the
results of the environmental study conducted by Micon International
Co Limited ("Micon"), which concluded there is no contamination of
groundwater, surface water, or soils from the tailings dam, with
all results being below the international standards and
guidelines.
-- The study's recommendations focused on modernising equipment
and strengthening relations with the local community. AIMC is
committed to fully implementing the recommendations. The Commission
and management of AIMC have also listened to the concerns of the
Soyudlu residents, noting their requests and suggestions.
-- Deputy Minister of Health of Azerbaijan, Mr Nadir Zeynalov,
stated the health of the residents of Soyudlu village is
satisfactory.
-- The management team of AIMC held positive conversations with
the local residents regarding any concerns, community assistance
and collaboration.
At the meeting, Reza Vaziri, Chief Executive Officer of Anglo
Asian Mining, informed the Soyudlu residents of the Company's
commitment to allocate an annual budget for social responsibility
projects. This would be in addition to the Company's existing
regional and community investments. It was agreed further
discussions would take place regarding the social responsibility
projects with a working group consisting of representatives from
the Gedabek and Soyudlu communities.
For further information, please contact:
Anglo Asian Mining plc
Tel: +994 12 596
Reza Vaziri, Chief Executive Officer 3350
Tel: +994 502 910
Bill Morgan, Chief Financial Officer 400
Tel: +994 502 916
Stephen Westhead, Vice President 894
SP Angel Corporate Finance LLP (Nominated Tel: +44 (0) 20
Adviser and Broker) 3470 0470
Ewan Leggat
Adam Cowl
Hudson Sandler (Financial PR) Tel: +44 0) 20 7796
Charlie Jack 4133
Harry Griffiths
Notes
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 57,618 gold
equivalent ounces ("GEOs") for the year ended 31 December 2022.
On 30 March 2023, the Company published its strategic plan for
growth, which shows a clearly defined path for the Company to
transition to a multi-asset, mid-tier copper and gold producer by
2028. By 2028, copper will be the principal product of the Company,
with forecast production of around 36,000 copper equivalent tonnes.
It plans to achieve this growth by bringing into production four
new mines during 2023 to 2028 at Zafar, Gilar, Xarxar and
Garadag.
The Company owns approximately 17.4 per cent. of Libero Copper
& Gold Corporation ("Libero"). Libero is listed on the TSX
Venture Exchange in Canada and owns, or has the option to acquire,
several copper exploration properties in North and South America,
including Mocoa in Colombia, one of the world's largest undeveloped
copper-molybdenum resources.
https://www.angloasianmining.com/
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END
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