Anglo Asian Mining PLC ("Anglo Asian" or the "Company"), the AIM-listed gold, copper, and silver producer focused in Azerbaijan, is pleased to announce it has contracted to sell concentrate produced at its Demirli copper mine in Karabakh to Trafigura Pte Ltd ("Trafigura"), APA-Economics reports.
The sales contract includes a revolving prepayment facility of up to $25 million.
Anglo Asian has now received the necessary licenses to operate the processing plant at its Demirli mine from the Government of Azerbaijan (the "Government"). The finalization of the required documentation is ongoing, but the licenses have been granted in parallel with this process. Anglo Asian has also been granted a permit to use the existing tailings dam for up to 12 months, during which period a second tailings dam will be constructed. The operating lease for the Demirli processing plant commenced on 1 October 2025.
A copper concentrate sales contract has been signed with Trafigura, which has been approved by the Government. The Company expects the first sale of concentrate will be completed in mid-November 2025.
Reza Vaziri, CEO of Anglo Asian, commented: "I am delighted that we have received all the relevant licenses to operate the plant and tailings dam at Demirli, an important milestone as the mine becomes fully operational and increasingly contributes to Group production. The obtaining of all relevant licenses together with the Trafigura sales contract enables us to now commence copper concentrate sales and deliver value from Demirli."
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