Baku. 16 January. REPORT.AZ/ Anglo Asian Mining plc gold, copper and silver producer focused in Azerbaijan had net debt at 31 December 2017 of $ 18.3 million, a reduction of $ 16.3 million since 31 December 2016.
Report informs referring to the company.
| Creditors | Debt ($ m) |
| Kapital Bank | 1.0 |
| Amsterdam Trade Bank and Gazprombank (Switzerland) | 7.4 |
| International Bank of Azerbaijan | 2.1 |
| Atlas Copco equipment finance loan YapiKredit Pasha Bank Reza Vaziri - director's loan | 0.3 2.2 3.7 3.9 |
| Total loans | 20.6 |
| Cash on hand and at bank | (2.3) |
| Net debt | 18.3 |
In Azerbaijan, the gold and silver mined in the framework of the contract such as PSA (production sharing agreement), signed on 21 August 1997. The agreement includes the development of six fields: in Nakhchivan - 1, Gadabay - 2, Kalbajar and Zangilan, which are currently under Armenian occupation - 3. Azerbaijan's share is 51% of the British company "Anglo Asian Mining Plc." - 49%.