Anglo Asian Mining plc, a gold, copper, and silver producer focused on Azerbaijan, announced that its operating subsidiary, Azerbaijan International Mining Company (AIMC), held a public debate with residents of Soyudlu village on September 28, 2023. The meeting was attended by members of a commission created under the Prime Minister of Azerbaijan, AIMC management, and local residents to discuss the environmental investigation at Soyudlu village. The Minister of Ecology and Natural Resources, Mr. Mukhtar Babayev, presented the results of the environmental study conducted by Micon International Co Limited, which concluded that there is no contamination of groundwater, surface water, or soils from the tailings dam, and all results were below international standards and guidelines. The study's recommendations focused on modernizing equipment and strengthening relations with the local community, which AIMC is committed to implementing. The Deputy Minister of Health of Azerbaijan, Mr. Nadir Zeynalov, stated that the health of the residents of Soyudlu village is satisfactory. The AIMC management team also had positive conversations with the local residents regarding concerns, community assistance, and collaboration.
During the meeting, Reza Vaziri, CEO of Anglo Asian Mining, informed the Soyudlu residents of the company's commitment to allocate an annual budget for social responsibility projects in addition to its existing regional and community investments. Further discussions will take place regarding the social responsibility projects with a working group consisting of representatives from the Gedabek and Soyudlu communities.
Anglo Asian Mining is a gold, copper, and silver producer with assets in Azerbaijan. The company produced 57,618 gold equivalent ounces in 2022. Its strategic plan for growth includes transitioning to a multi-asset, mid-tier copper and gold producer by 2028, with copper being the principal product. The company plans to achieve this growth by bringing four new mines into production between 2023 and 2028.
Anglo Asian Mining also owns approximately 17.4% of Libero Copper & Gold Corporation, a company listed on the TSX Venture Exchange in Canada. Libero owns or has the option to acquire several copper exploration properties in North and South America.
Source: Anglo Asian Mining PLC