Demirli copper concentrate sale & record ore mined
Summary by AI BETAClose X
4 December 2025
Commencement of copper concentrate sales and record ore mined in the month at Demirli
Anglo Asian Mining PLC ("Anglo Asian" or the "Company"), the AIM-listed gold, copper and silver producer focused in Azerbaijan, is pleased to announce it has commenced copper concentrate sales from its new Demirli mine.
As announced on 3 November 2025, the Company has contracted to sell copper concentrate produced at Demirli to Trafigura Pte Ltd ("Trafigura"). From 17 November 2025 to 30 November 2025, 2,055 wet tonnes of copper concentrate containing 351 tonnes of copper metal was sold to Trafigura, generating provisional gross sales revenue (before the Government of Azerbaijan's share) of $3.6 million.
A dedicated logistics centre for storage and delivery of concentrate has been established at Dalimammadli near Ganja, close to the main highway between Azerbaijan and Georgia. The logistics centre comprises 3,500 square metres of fully enclosed storage, and 1,500 square metres of roofed storage, both of which are contained within a seven-hectare fenced area. Company trucks transport the concentrate from the Demirli mine to the logistics centre. Trafigura trucks are therefore not required to obtain permission to enter Karabakh which currently has restricted access. The establishment of this logistics centre demonstrates the close relationship between Trafigura and the Company and facilitates very efficient and faster copper concentrate sales.
In line with its growth strategy to increase its production profile, in November 2025, the Company mined a record volume of ore at Demirli. Nearly two million tonnes of rock were mined as follows:
|
Rock type |
Tonnes mined (tonnes) |
Copper grade (%) |
Purpose/destination |
|
FLT ore |
195,384 |
0.54 |
Flotation feed |
|
Oxide ore |
269,013 |
0.22 |
Stockpiled |
|
FLT low grade ore |
6,115 |
0.13 |
Stockpiled |
|
Waste* |
1,480,589 |
N/A |
Used to buttress the wall of the tailings dam |
|
Total rock mined |
1,951,101 |
N/A |
|
*mainly material from push back of the West Pit
On 27 November, a record 81,000 tonnes of rock was mined and hauled in one day.
Reza Vaziri, CEO of Anglo Asian, commented:
"We are continuing to make great progress at the Demirli mine, which was brought into production on time and on budget, and we have now completed our first copper concentrate sales to Trafigura. We continue to invest in this relationship, which is strategically important for Anglo Asian, by establishing our new logistics centre which will drive significant efficiencies.
"With Demirli delivering in accordance with our expectations, and in line with our strategy to grow production, we are also delighted to have recently achieved record daily and monthly quantities of ore mined at Demirli"
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014, which was incorporated into UK law by the European Union (Withdrawal) Act 2018, until the release of this announcement.
For further information please contact:
|
Anglo Asian Mining plc |
|
|
Reza Vaziri, Chief Executive Officer |
Tel: +994 12 596 3350 |
|
Bill Morgan, Chief Financial Officer |
Tel: +994 502 910 400 |
|
Stephen Westhead, Vice President |
Tel: +994 502 916 894 |
|
Amir Vaziri, Chief Business Development Officer |
Tel: +1 (301) 332 9938 |
|
|
|
|
SP Angel Corporate Finance LLP (Nominated Adviser and Broker) Ewan Leggat Adam Cowl |
Tel: +44 (0) 20 3470 0470 |
|
|
|
|
Hudson Sandler (Financial PR) Charlie Jack Harry Griffiths |
Tel: +44 (0) 20 7796 4133
|
About Anglo Asian Mining
Anglo Asian Mining plc (AIM:AAZ) is a copper and gold producer with a high-quality portfolio of production and exploration assets in Azerbaijan. The Company produced 377 tonnes of copper and 15,073 ounces of gold for the year ended 31 December 2024. In the nine months to 30 September 2025, the Company produced 3,475 tonnes of copper and 18,912 ounces of gold.
The Company's strategic plan for growth shows a clearly defined path for the Company to transition to a multi-asset, mid-tier, copper and gold producer by 2030, by which time copper will be the principal product of the Company, with forecast annual production of around 50,000 to 55,000 tonnes of copper. It plans to achieve this growth by bringing into production three new mines during the period 2027 to 2030 at Xarxar, Garadag and Zafar, in addition to the newly opened Gilar and Demirli mines. Production commenced at the Gilar mine in May 2025 and Demirli in July 2025. https://www.angloasianmining.com/
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 1 day ago Savannah Energy
- 1 day ago Buccaneer Energy PLC
- 1 day ago Savannah Energy
- 1 day ago Carclo
- 1 day ago Schroder Japan Growth Fund