Anglo Asian Mining PLC
Other OTCCapital Structure
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in mil. unless spec.Company Description
- CEO
- Mohammed Reza Vaziri
- Full Time Employees
- 1,356
- Sector
- Basic Materials
- Industry
- Gold
- Address
- Tower 2 Baku BA Azerbaijan 1065
- IPO Date
- Apr 6, 2011
- Website
- angloasianmining.com
- Similar Companies
- Business
- Anglo Asian Mining PLC (LON:AAZ) is an established gold, copper and silver producer focused on exploration, development and mining operations across eight contract areas spanning 2,544 square kilometres in Azerbaijan along the mineral-rich Tethyan Tectonic Belt. The company, founded in 2004 and headquartered in Baku, Azerbaijan with a registered office in London, England, operates primary assets including the Gedabek open pit and underground mines producing gold doré via leaching, silver and gold via SART processing, and copper concentrate via flotation; the high-grade Gosha underground gold and silver mine; the Ordubad early-stage gold and copper exploration project in Nakhchivan; the Vejnaly deposit in Zangilan district; the Kyzlbulag area in Karabakh hosting the Demirli copper-molybdenum mine; and the newer Garadag, Xarxar and Demirli concessions acquired in 2022, with Garadag featuring the extensively explored Garadag deposit and Xarxar undergoing intensive drilling. It targets multi-billion-dollar JORC-compliant resources exceeding one million tonnes of copper and over 400,000 ounces of gold, serving global markets through integrated processing at Gedabek and emphasizing low-cost operations in the lowest-cost quartile. Recent developments include the start of production at the Gilar underground copper-gold mine in May 2025 and the Demirli brownfield copper mine in July 2025, supporting a strategic transition to a mid-tier copper-focused producer with plans to bring Xarxar, Garadag and Zafar mines online by 2030; in November 2025, ACG Metals announces early-stage consideration of a potential takeover offer for the company.
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