Anglo Asian Mining reports transformational progress in copper strategy with Demirli mine

Описание: Anglo Asian Mining Plc (LSE:AAZ, OTC:AGXKF) vice president Stephen Westhead talked with Proactive's Stephen Gunnion about the company's strong progress at the Demirli mine in Azerbaijan.

Anglo Asian recently began production at the site, which Westhead described as a “cornerstone for our copper growth.” Demirli is part of a broader 74km² contract area awarded in 2022 and complements the larger Kyzlbulag area. The company gained access to the site in the second half of 2024 and has rapidly developed the infrastructure needed to commence operations.

The mine is expected to produce around 4,000 tonnes of copper in concentrate by the end of 2025, with that figure rising to 15,000 tonnes annually from 2026. Mining at Demirli is conducted via an open pit, with the ore transported by truck to a flotation plant that is undergoing staged upgrades.

This development is a key part of Anglo Asian’s broader strategy to transition from a junior gold producer into a mid-tier, copper-focused company. Westhead said the company’s strategy includes the development of five mines—two of which, Gilar and Demirli, are already in production.

Westhead also emphasised the importance of environmental responsibility, noting the recent completion of the Environmental and Social Impact Assessment for Demirli and an ESG rating from Digbee.

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