British company seeks support from int'l organizations for restoration of business rights in Karabakh

Anglo Asian Mining PLC, a gold, copper and silver producer in Central Asia, has written to senior representatives from a number of international organizations and governments, including the United Nations, the US State Department, the UK Foreign Office, and the European Union about Anglo Asian's business in Karabakh and mining rights to properties currently being exploited by others, Report informs, citing Anglo Asian.

The Company is requesting support from these authorities for the restoration of its legitimate business rights and the safe physical access for Anglo Asian's employees to the Gizilbulag and Damirli mines and surrounding exploration territory in Karabakh.

According to Anglo Asian, previously, in 2006, it sent similar letters of confirmation to each of these government bodies to formally confirm its priority of ownership.

In addition to its principal assets in Azerbaijan, Anglo Asian Mining PLC also has legal title to two contract areas in Karabakh, which host the Gizilbulag copper-gold mine and the Damirli copper-molybdenum mine.

These contract areas are within the region controlled by the Russian peacekeepers, but the company believes illegal mining by Armenian companies has been and continues to be conducted in these concession areas.

The Company produced 64,610 gold equivalent ounces ("GEOs") for the year ended December 31, 2021.

On July 5, 2022, the Parliament of Azerbaijan ratified amendments to the Company's Production Sharing Agreement, which granted it legal title to three additional concessions with a combined area of 882 square kilometers, including the Karabakh porphyry copper deposit, with a Soviet classified resource of over 300,000 tonnes of copper.