Anglo Asian to sell copper concentrate from mine in occupied Artsakh

Anglo Asian Mining Plc has signed a sales agreement with commodities trader Trafigura for copper concentrate produced at its Demirli mine in Azerbaijani-occupied Artsakh (Nagorno-Karabakh).

The deal includes a revolving prepayment facility of up to $25 million, giving the miner access to working capital as production ramps up, Proactive Investors reported.

The company said it had now received the necessary government licences to operate the Demirli processing plant and permission to use the existing tailings dam for up to 12 months while a second facility is built. Its operating lease for the plant began on 1 October.

The first sale of copper concentrate is expected to be completed by mid-November.