Anglo Asian Mining confirms reports of talks with Azerbaijan over R.V. Investment Group

Anglo Asian Mining confirmed media speculation that it had been in talks with the Government of Azerbaijan concerning a possible transaction of the company's subsidiary R.V. Investment Group Services, Report informs citing the company. The company stressed, however, that there was no certainty that the talks would lead to a deal.

The company said that while it ahd been in recent discussions with the Government of Azerbaijan and other parties in relation to potential transactions, such discussions were preliminary and no terms have been discussed or agreed.

"There can be no certainty that these discussions will result in any transactions. The Company further notes that it regularly has discussions with other parties regarding the development of the Group," it added.

Notably, there have been reports about the announcement of the winner of the tender for the purchase of consulting services on the determination and implementation of the method of sale of shares owned by R.V. Investment Group Services, LLC within the framework of the Agreement on exploration, development and production sharing of promising gold ore deposits in Gadabay, Gosha, Ordubad Group (Piyazbashi, Aghyurd, Shakardara, Kalaki) signed between the Ministry of Economy, Azərqızıl State Company and American company R.V. Investment Group Services, LLC.

The winner of the tender is OMNI Closed Joint Stock Company. The ministry has signed a contract with the CJSC for the amount of AZN 265,000.