Anglo Asian Mining

• 05/06/13

  Agitation Leaching Plant - Full Commissioning

• 05/06/13

  Notice of AGM and Posting of R&A

• 28/05/13

  Final Results

• 22/05/13

  Analyst Conference Call for Final Results

• 10/04/13

  Q1 2013 Production and Operations Update - Gedabek

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  05/06/13

  Anglo Asian Mining buoyed by new agitation plant

  The new plant is expected to improve gold recoveries, release ore stacked on the leach pads and reduce the weather’s impact at the Gedabek mine.

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  05/06/13

  Anglo Asian Mining's new agitation plant to produce gold within days

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  28/05/13

  Anglo Asian Mining: 2013 all about efficiency

  The Azeri gold miner’s chief financial officer Sean Duffy believes efficiency will be the key to unlocking the upside in the share price

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  28/05/13

  Anglo Asian Mining: Foundations laid for transformational 2013

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  10/04/13

  UPDATE: Anglo Asian Mining on track for full year target

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  06/02/13

  Anglo Asian targets 20% production boost this year and even better in 2014

  The miner now expects to produce 60,000 ounces of gold in 2013, with costs to reduce to between US$450-500 per ounce.

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  09/01/13

  Anglo Asian Mining hits production target after strong fourth quarter

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  08/01/13

  Anglo Asian Mining's agitation plant construction progressing well

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  02/01/13

  Anglo Asian Mining growth story hinges on new agitation plant

  The main focus of the company – and how it hopes to drive growth – has very much been the construction of the new agitation leaching plant at its flagship Gedabek project in Azerbaijan.

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  17/12/12

  Anglo Asian Mining signs copper sales deal with Glencore

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  06/02/2013

  Stocktube video - Anglo Asian aims to raise production and cut costs

  Reza Vaziri, President & CEO at Anglo Asian Mining (LON:AAZ), talks to Proactiveinvestors about the investment that the company is putting in place at Gedabek that will enable it to raise production and at the same time cut production costs. He also explains that the board will consider a main market listing this year and debate the possibility of a dividend. In addition Reza talks about the depressed share price and refers to the fact that last EBITDA number was larger than the market cap of the company which, he says, remains the case.

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  08/06/13

  Proactive Investors Mid & Sml Cap Weekly Roundup - IGas draws focus in exciting week for shale
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  08/06/13

  Proactive weekly mining news summary including Anglo Asian Mining, Anglesey Mining and Nyota Minerals
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  05/06/13

  Proactive news summary: Anglo Asian Mining, blur Group, Herencia, Nyota Minerals ...
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  05/06/13

  FTSE 100 in another triple digit decline
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  05/06/13

  Broker Round-up II: Goldplat, Anglo Asian Mining, Metals Exploration, Sirius Minerals

• 03/04/12

  03.04.12 :-0.25, (41.25) Fairfax IS initiates coerage with a "buy" rating and 72p price target.

  03.04.12 :-0.25, (41.25) Fairfax IS initiates coerage with a "buy" rating and 72p price target.
• 26/05/11

  Press: 26.05.11: -2.25, (55.75) Press: Anglo Asian Mining fell on profit-taking despite reporting solid results, including gold production of... read more

  Press: 26.05.11: -2.25, (55.75) Press: Anglo Asian Mining fell on profit-taking despite reporting solid results, including gold production of 67,267 ounces at a low cash operating cost of $358 per ounce from its flagship Gedabek gold/copper mine. Source - Mail
• 05/10/10

  +1.25 +43.50

  an article in the Mail reports: Anglo Asian Mining rose 4.50p to 42.00p after a record quarterly gold production result of 19,214 ounces at its Gedabek gold/copper... read more

  an article in the Mail reports: Anglo Asian Mining rose 4.50p to 42.00p after a record quarterly gold production result of 19,214 ounces at its Gedabek gold/copper mine. Numis has a target price of 50p.
• 12/04/10

  +1.25 +17.25

  announces that production from the Gedabek mine in Azerbaijan beat targets. Anglo Asian Mining said the mine produced a record 6,167... read more

  announces that production from the Gedabek mine in Azerbaijan beat targets. Anglo Asian Mining said the mine produced a record 6,167 troy ounces of gold in March and production over nine months has already exceeded 12-month targets. The company said it was targeting production of 25,000 ounces of gold for the year to end-June, but by the end of March the mine had produced 25,022 ounces. "We are confident this upward trend will be maintained as processing efficiencies further improve," said Chief Executive Officer Reza Vaziri. The improvement in production follows the installation of new machinery at Gedabek last year, according to a spokeswoman for the company. Numis Securities analyst Andy Davidson increased his target price for the stock to 24 pence from 11 pence and changed his rating to "buy" from "hold." Anglo Asian is now targeting production of 53,500 ounces for the year to Dec. 31, higher than Numis?s forecast of 43,000 ounces, said Davidson.
• 27/11/09

  27.11.09 :-1, (11.5) Anglo Asian Mining PLC said the Gedabek gold-copper mine in Azerbaijan will produce half the amount of gold... read more

  27.11.09 :-1, (11.5) Anglo Asian Mining PLC said the Gedabek gold-copper mine in Azerbaijan will produce half the amount of gold previously expected in its first full year of production which it blamed on difficulties installing two new cone crushers and continued issues with the stacker. The AIM-listed emerging gold producer now expects the mine to produce 25,000 troy ounces of gold in the year ended June 2010, below its previous forecast of 50,000 ounces. However, new plant facilities will enable more efficient operation and increase the plant?s running rate to an annualized 50,000 ounces from March 2010, the firm said, adding that November production is broadly in line with management expectations. Gold sales for September and October were ahead of projections--a trend the company believes will continue into 2010, it said. Anglo Asian Mining also said it has agreed a further $3 million loan with the International Bank of Azerbaijan to provide working capital, adding that it continues to monitor its financing situation carefully and is preparing various contingency plans, including seeking major shareholder support if cash flow becomes insufficient. Numis Securities described the production update as disappointing and said it is increasingly concerned over the processing capacity of the Gedabek plant and has therefore downgraded its full-year 2009 and 2010 production forecasts to 11,000 ounces and 30,000 ounces respectively. Numis has also cut its target price to 6 pence, from 15 pence, and lowered its recommendation on the stock to ?sell?.

Anglo Asian Mining PLC (AIM:AAZ) is a gold and copper focused mining company in Caucasia and Central Asia with a broad portfolio of production and exploration assets in Azerbaijan. The Company has a 1,962 sq km prospective exploration portfolio and has developed Azerbaijan’s first operating gold/copper mine, Gedabek, which commenced gold production in May 2009 and is targeted to produce in excess of 300,000 oz gold in the first six years of production.

Anglo Asian is actively looking to exploit its first mover advantage in Azerbaijan to identify additional projects, as well as looking for other properties in Central Asia and Caucasia in order to fulfil its expansion ambitions and become a mid-tier gold and base metal production company focussed in these regions.

Location

Azerbaijan is situated in south-western Asia, bordering the Caspian Sea between Iran and Russia, with a small European portion north of the Caucasus range. It borders Armenia, Georgia, Iran, Russia and Turkey and is split into two parts by Armenia; the smaller part is called the Autonomous Republic of Nakhchivan

Anglo Asian's key operations span three Contract Areas in Azerbaijan covering 1,062 sq km: Gedabek, where the Company operates a gold mine and is undertaking exploration activities to increase its resource base and, in turn, life of mine; and Ordubad and Gosha, where extensive exploration programmes are underway with the view of confirming gold deposits with production potential. It also holds three additional Contract Areas covering 900 sq km in territories occupied by Armenia, which it hopes to develop when access is obtained.

Anglo Asian Mining’s operations are focussed on various projects within three primary Contract Areas in Azerbaijan. The rights to explore and develop all minerals in these areas are governed by a PSA with the Azeri Government.

Gedabek Contract Area - 300 sq km, with the mining and exploration rights until February 2022. Within this    Contract Area, the Company has developed the producing Gedabek gold/copper mine.

Gosha Contract Area - 300 sq km, with the right to explore for precious and base metals until 13 April 2011.

Ordubad Contract Area - 462 sq km with the right to explore for precious and base metals until 12 April 2012.

Occupied Territories – 900 sq km area, which will be developed as and when the political situation ameliorates.

Gedabek

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Board of Directors

Khosrow Zamani – Non-executive Chairman

Mr Zamani was director of the Southern Europe and Central Asia Department of the International Finance Corporation ('IFC'), the private sector lending arm of the World Bank, from March 2000 to July 2005. This department was responsible for the IFC investment programme in 15 countries across the region. Whilst a director at IFC, Mr Zamani was instrumental in building the IFC investment programme in the region with several new initiatives, particularly in Central Asia and Caucasia. He oversaw the IFC portfolio of more than US$2 billion, diversified across the financial, oil and gas, mining and manufacturing sectors.

Reza Vaziri – President and Chief Executive Officer

Mr Vaziri served at the Ministry of the Imperial Court of the Shah of Iran before moving to the US. Mr Vaziri was the initial founder of the US Azerbaijan Chamber of Commerce ('USACC') and has been appointed Chairman for life. In his role with the USACC, he has arranged and participated in a number of economic delegations to Azerbaijan and played a key role in bringing US investment to the country.

Richard Round* – Non-executive Director

Mr Round is a Fellow of the Chartered Association of Certified Accountants. He began his career with British Coal in 1977. In 1987 Mr Round joined Ferrum Holdings plc, becoming group Finance Director in 1993. In 1995 Mr Round joined Consolidated Supply Management Limited as Finance Director, an international oilfield logistics group operating primarily in Latin America and the Former Soviet Union, including Azerbaijan and Kazakhstan. In 2001, Mr Round became Financial Director for the Mining (Scotland) group, the largest opencast coal mining company in the UK, before joining Anglo Asian in September 2005. 

John H. Sununu – Non-executive Director

Governor Sununu received a Ph.D. from Massachusetts Institute of Technology and taught engineering at Tufts University for 16 years. He served three terms as the governor of New Hampshire before President George H.W. Bush appointed him Chief of Staff in 1989, a position that he held until March 1992. After his tenure as Chief of Staff, he co-hosted CNN's Crossfire, ran an engineering firm and then, in 2004, served as the visiting Roy M. and Barbara Goodman Family Professor of Practice in Public Service at the Kennedy School of Government at Harvard University. 

John Monhemius – Non-executive Director

Emeritus Professor John Monhemius held the Roy Wright Chair in Mineral and Environmental Engineering at the Royal School of Mines, Imperial College, London until 2004, when he retired from full-time academic work. From 2000 to 2004, he was Dean of the Royal School of Mines. He has more than 40 years' experience of academic and industrial research and development in hydrometallurgy and environmental control in mining and metallurgical processes, particularly in the management of toxic wastes and effluents, and he has acted as a consultant to many large mining and chemical companies.

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Management

Abe Halati -  Adviser to the President, Azerbaijan International Mining Company Limited

Abe Halati, Adviser to the President, has had 38 years of business experience in the financial industry. During the past nine years he has been engaged as a consultant to major investment banks and law firms in the US. Prior to his consulting business he was COO of a multibillion hedge fund. Prior to his hedge fund experience he was engaged by the US Federal District Court appointed Administrator in the case of SEC vs. Prudential Securities to value over $8 billion of assets and to settle over 330,000 cases.

Abduljabar Ahmadov - Vice president – Government affairs, Azerbaijan International Mining Company Limited

Abduljabar Ahmadov, Vice-President Government Affairs, has wide range of experience in the oil industries starting in 1988.  He has served at various positions in the SOCAR, from Chief of Reserves Department to Advisor to the President and Advisor to BP President on ACG Project. In these senior positions, Abduljabar has taken an active role in preparation and signing of 27 PSAs and was one of the responsible executors of various projects such as Chirag platform, construction of Baku-Supsa, Baku-Novorossiysk, BTC, SCP (Baku-Erzerum) pipe lines, ACG project, etc. Abduljabar has a Ph.D in geology.

Sean Duffy - Chief Financial Officer and Company Secretary, Anglo Asian Mining PLC

Sean Duffy, CFO of Anglo Asian Mining holds a MBA from RMIT University in Australia and has over 25 years experience in the mining arena and has held senior finance positions for BHP Billiton Corporate Head Office in Australia and BHP Billiton Coal Exploration Projects in Indonesia. He has also worked as a Director of Finance for Ma'aden - Saudi Arabian Mining Company, a gold, phosphate and aluminium company and as Vice President Finance based in Dubai for DRC copper/cobalt company Shalina Resources. Additionally Sean has been CFO of a TSX:V listed Kazax Minerals an iron ore company with operations and functions in Kazakhstan, Africa, Malaysia, Singapore and Canada.

Farhang Hedjazi - Chief Technical Officer

Farhang Hedjezi has served as technical advisor to the Company since October 2009, after completion of  his duty as the project manager of Gedabek  Mine and gold plant. He has worked for National Iranian Lead and Zinc as chief process engineer from 1986 to 1989. He then joined kahanroba Engineering Company. He has the designed and constructed several  Zinc smelters,  Gold CIL plant, Gold Heap leach and  has managed underground mining facility.

Timothy Van Zeller - Operation Manager, Azerbaijan International Mining Company Limited

Tim Van Zeller is Operations manager of AIMC, Gedabek operation and has 40 years' experience in metallurgical processing in the mining industry. He has experience in the extractive metallurgy of gold, silver nickel and manganese having worked extensively in Africa and Central Asia. He specialises in gold processing plants as well as heap leaching.

Angel Vega - Sustainability Manager

Angel Vega has over 14 years of experience as a Health, Safety and Environment (HSE) specialist within the mining industry including exploration, project development and implementation, operations and closure in various open cast and underground mining companies in Peru, Bolivia, Chile, Argentina, Democratic Republic of Congo, South Africa, Guinea, Ghana and Mali. He has worked globally in various senior HSE management positions at Rio Tinto-COMSUR, Coeur d'Alene Mines, Panamerican Silver, Katanga Mining and AngloGold Ashanti. He holds university qualifications in Environmental Science and has also obtained post-graduate certifications on Mining and Environment and Management Systems in Sweden and England.

As of 29/06/2011

Infromation taken from Company website 02.10.2012