Anglo Asian Mining doesn't expect Ukraine crisis to affect its operations in Azerbaijan

Russia's war against Ukraine has not affected the activities of Anglo Asian Mining plc, a gold, copper and silver producer operating in Azerbaijan, the British company's Azerbaijan office told Report.

Recent international sanctions against the Russian Federation and various Russian companies and individuals have not affected the company and its operations in Azerbaijan.

The company does not expect a significant impact on its supply chain or operations due to the conflict in Ukraine: "However, the developments will be monitored regularly."

Anglo-Asian Mining is operating in Azerbaijan under the PSA (Production Sharing Agreement) signed on August 21, 1997. Azerbaijan's share in the agreement is 51%, while the company's share is 49%. The first gold production (at the Gadabay field) began in 2009.