Anglo Asian Mining PLC

Anglo Asian confirms discussions with Azerbaijan government over 'possible transaction'

“There can be no certainty that these discussions will result in any transactions”

Anglo Asian Mining PLC -

Anglo Asian Mining PLC (LON:AAZ) has responded to a recent report that Azerbaijan’s Ministry of Economy has appointed a consultant to advise on a 'possible transaction'.

The report said the consultant would advise the ministry about a transaction with RV Investment Group Services, an Anglo subsidiary that holds the production sharing agreement with the Government of Azerbaijan that dates back to 20 August 1997.

In the statement, Anglo confirmed it has been in recent discussions with the Azerbaijan government and other parties in relation to potential transactions, but added the discussions were preliminary and no terms have been discussed or agreed. 

“There can be no certainty that these discussions will result in any transactions,” it said, adding it regularly holds discussions with other groups over the miner’s future.

Quick facts: Anglo Asian Mining PLC

Price: £1.65

Market: AIM
Market Cap: £188.24 m

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