Anglo Asian Mining may secure a loan to fulfill its obligations

29/09/2023

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Anglo Asian Mining, a renowned player in the gold, silver, and copper mining sector in Azerbaijan, is considering the possibility of securing a loan to meet the recommendations put forth by the international monitoring company Micon. These recommendations are based on the findings of waste monitoring conducted in the village of Seyudlyu, located in the Gedabey district.

In response to a question posed by a correspondent from Report dispatched to Seyudlyu, Reza Vaziri, the General Director of Anglo-Asian Mining PLC, acknowledged that despite the company’s consistent profitability, recent events have resulted in approximately $19 million in damages. Vaziri emphasized the importance of fulfilling these obligations and mentioned the potential approach to banks for assistance. He expressed confidence in the trust banks place in the company’s creditworthiness when it comes to loan arrangements.

Source and Credit: paralel.az

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Tags: Anglo Asian Mining, Azerbaijan, copper mining, creditworthiness, gold mining, Micon International, silver mining