12:26 - 3.11.2025

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November 3, Fineko/abc.az. Anglo Asian Mining plc, a British copper, gold and silver mining company in Azerbaijan, has announced the signing of a contract for the sale of concentrate produced at Demirli copper deposit to Dutch company Trafigura Pte Ltd.

ABC.AZ reports that the purchase and sale agreement includes the possibility of periodic prepayment of up to $25 million.

Anglo Asian has already received the necessary licenses from the government of Azerbaijan to operate a processing plant at the Demirli mine. The licenses were issued in parallel with this process, although the necessary documents were being finalized. The company has also received permission to use the existing waste lake for 12 months, during which time a second waste lake will be built. Operational leasing of the Demirli oil refinery began on October 1, 2025.

A government-approved purchase and sale agreement for copper concentrate has been signed with Trafigura. The company expects the first sale of the concentrate to take place in mid-November 2025.