Azerbaijan is situated in southwest Asia, bordering the Caspian Sea, with a small European portion north of the Caucasus range. Azerbaijan borders Armenia, Georgia, Iran, Russia and Türkiye, and is split into two parts by Armenia; the smaller part is called the Autonomous Republic of Nakhchivan. Full sovereignty was restored over the Karabakh region of Azerbaijan in 2023.
The country has an established democratic government, which is fully supportive of international investment initiatives. Infrastructure is reasonably extensive and energy costs are relatively inexpensive compared to other mining jurisdictions. Low cost labour is also available.
Anglo Asian Mining has a long history of successful mining operations in Azerbaijan, a country situated in southwest Asia with a stable democratic government that actively supports international investment initiatives. The country offers a reasonably extensive infrastructure and relatively inexpensive energy costs compared to other mining jurisdictions, along with available low-cost labour.
Mining operations & production
8
contract areas in Azerbaijan
2,544 sq km
total concession area
100%
ownership of gold, copper, and silver mines
The Group currently holds eight contract areas in Azerbaijan, totaling 2,544 square kilometres. Our primary operational hub is the Gedabek contract area, home to the Gedabek open pit, Gadir, and Gedabek underground mines, and the Company’s processing facilities. Production at Gedabek includes gold doré through heap and agitation leaching, and copper concentrate from SART and flotation processes.
We are actively developing new mines to transition to a copper-focused producer. The new Gilar underground mine at Gedabek commenced production in May 2025, and we are working towards restarting production at the Demirli mine in the second half of 2025.
Responsibility & community impact
Our commitment to environmental stewardship and social responsibility is central to our business, with a sustainability committee established in 2024 to oversee these efforts.
The Company’s main production site is at its Gedabek contract area which is close to the town of Gedabek in western Azerbaijan. Gedabek town has undergone a large amount of economic growth and development as a result of the mining now taking place in the area. Previously an impoverished upland town, Gedabek is now a thriving community and is the location of many diverse businesses. A new town community centre has been built together with other communal buildings. The Company actively promotes economic activity in the region and has sponsored activities such as beekeeping and carpet weaving.