logo-loader
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
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Anglo Asian Mining PLC named herein, including the promotion by the Company of Anglo Asian Mining PLC in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Anglo Asian Mining on course to meet full year production target after...

Anglo Asian Mining PLC's (LON:AAZ) Bill Morgan tells Proactive London's Andrew Scott they're on track to meet its production target for the year after a strong first half of output. The Azerbaijan-focused miner achieved total production of 39,905 gold equivalent ounces (GEO) in the six months...

1 day, 23 hours ago

2 min read