Anglo Asian Mining PLC has announced its commitment to implementing the Global Industry Standard on Tailings Management (GISTM) at its operations in Azerbaijan. The company currently complies with local tailings dam regulations and has undergone audits by international environmental and engineering consultancies, confirming its adherence to international standards. GISTM, established under the UN Environment Programme, aims to prioritize the safety of tailings facilities and achieve zero harm to people and the environment. It also requires the disclosure of relevant information to support public accountability.
The company's tailings management facility at Gedabek, situated approximately 4.5 kilometers from its processing facilities, is a downstream rock fill embankment designed by international consultants in accordance with the International Committee on Large Dams guidance. The company aims for full compliance with GISTM by the end of 2026 and will undergo a GISTM audit conducted by Knight Piésold.
Anglo Asian Mining PLC, a gold, copper, and silver producer in Azerbaijan, has a strategic plan for growth, aiming to transition to a multi-asset, mid-tier copper and gold producer by 2028. The company owns approximately 13.1% of Libero Copper & Gold Corporation, listed on the TSX Venture Exchange in Canada, which owns Mocoa in Colombia, one of the world's largest undeveloped copper-molybdenum resources.