Azerbaijan to sell first copper in late 2010
Azerbaijan, Baku, Sept. 11 / Trend N.Ismayilova /
Anglo Asian Mining plc, the only gold producer in Azerbaijan, plans to sell its first copper by late 2010, the company has said.
Copper concentrate produced in March-June contained about 79 tons of copper, 670 kilograms of silver and 12 kilograms of gold, the company reported. The copper concentrate had a very high moisture content, and therefore a new filtration system was introduced. In this regard, the company expects that the operation will reach full capacity by late September 2010.
"We are in the process of evaluating options for the implementation of our copper concentrate and plan to make the first sales in the second half of this year, after approval of protocols of sales with the government," the company said.
In February, the company launched the process of recovering and refining of copper. Its plant has a capacity of 1,800 tons of copper concentrate per year, although the volume of production will depend on the mineralogy of ores and process efficiencies.
The company Anglo Asian Mining PLC has the rights to develop six fields in the south-west of Azerbaijan - Gedabey, Ordubad, Gosha Bulag, Gizil Bulag, Vejnali and Soyutlu - based on the PSA agreements signed with the Azerbaijani government in August 1997.
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