BAKU, Azerbaijan, Mar. 11
Trend:
Anglo Asian Mining company spoke about impact on its supply chain or operations in Azerbaijan due to consequences of the conflict in Ukraine, Trend reports via the company.
According to the company, the recent international sanctions levied against the Russian state, various Russian companies and individuals haven’t affected the company and its activity in Azerbaijan.
“We expect no material impact on our supply chain or operations due to conflict in Ukraine, but will continue to monitor events on a regular basis,” added the company.
In 2021, Anglo Asian Mining obtained a record profit of $37.5 million in Azerbaijan (growth of $6.6 million or 21.35 percent compared to 2020), and produced over 2.18 million tonnes of ore. In December, the company completed a private placement to acquire 19.9 percent of Copper & Gold Corporation (Libero).
Besides, last year, the company paid dividends worth $5.2 million and $2.2 million to shareholders of Anglo Asian Mining and Libero, respectively.
Anglo Asian Mining PLC is a gold, copper and silver producer in Central Asia with a broad portfolio of production and exploration assets in Azerbaijan.
The company's portfolio, formed in accordance with the agreement "On the division of production on the model of the oil industry of Azerbaijan", includes an area of 2,844 square kilometers.
Last year, the company also received three additional concessions with a combined area of 882 square kilometers.