Anglo Asian Mining

Anglo Asian Mining has appointed Cameron Pforr, with immediate effect, as a non-executive director. Pforr is currently CEO and CFO of Mtron Industries and previously held leadership roles at IronNet and Fidelis Cybersecurity as well as positions at Bain & Co. and Deutsche Bank Alex Brown. He currently holds no ordinary shares in Anglo Asian; the chairman highlights Pforr’s expertise in corporate finance to support the company’s growth strategy. » Plus sur de.investing.com

Anglo Asian Mining has announced upgrades to the processing plants at Gedabek and Demirli, including the commissioning—expected by end-April—of nine Imhoflot flotation cells (cost about USD 1.8m) for higher-grade ore. In Demirli, the SAG and ball mills are back in operation after replacement parts, and bio-heap leaching tests achieved copper recovery rates of up to 78%. Other measures include an energy-efficient pulp-lifter system, an industrial crusher, a new maintenance program and the planned installation of a fibre-optic monitoring system for the tailings dam. The company is advancing feasibility studies for Xarxar and Garadag and is conducting pilot mining and test work at Garadag. » Plus sur de.investing.com

Since production began in 2009 in Azerbaijan, Anglo Asian Mining has produced over one million gold-equivalent ounces, including about 851,000 ounces of gold, 1.9 million ounces of silver and more than 30,000 tonnes of copper. The milestone was reached at the end of January and covers production from the Gedabek and Demirli open pits as well as the Gilar underground mine. The company expects copper production to triple in 2026 due to increased output from Gilar and Demirli. » Plus sur de.investing.com