Bloomberg News

Anglo Asian Mining Seeks Loan for $52 Million Gold Plant

May 10, 2012

Anglo Asian Mining Plc (AAZ), an Azerbaijan gold and copper mining company, is in talks with local and international lenders for a loan to build a new $52 million plant, according to a statement from the company.

The agitation and leaching facility will improve gold recovery rates at Anglo Asian Mining’s Gedabek mine in western Azerbaijan, the Baku-based company said.

Anglo Asian Mining got a $9.4 million term loan from the International Bank of the Republic of Azerbaijan in May 2009, according to data compiled by Bloomberg.

To contact the reporter on this story: Louise Meeson in London at

To contact the editor responsible for this story: Faris Khan at

The Aging of Abercrombie & Fitch
blog comments powered by Disqus