Anglo Asian Mining
Anglo Asian Mining is a publicly listed gold, copper and silver producer operating eight contract areas covering 2,544 km² in western Azerbaijan under a 1997 Production Sharing Agreement, selling doré, copper concentrate and silver directly to global commodity trading houses and smelters.
- Company typePublic
- Founded1997
- HeadquartersBaku, Azerbaijan
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Anglo Asian Mining does
Anglo Asian Mining Plc (LON:AAZ) is a publicly listed mid-tier gold, copper and silver producer operating exclusively in western Azerbaijan under a Production Sharing Agreement signed with the Government of Azerbaijan in 1997. The company holds rights across eight contract areas covering 2,544 km² of the Tethyan Tectonic Belt and has discovered, developed and brought six mines into production since commencing gold production at Gedabek in 2009. Its active asset base spans the Gedabek processing hub (open pit, Gadir and Gilar underground mines), the recently commissioned Demirli copper-molybdenum mine in Karabakh, the high-grade Gosha gold mine, and development-stage copper deposits at Xarxar and Garadag, which together host over 1 million tonnes of JORC copper and more than 400,000 ounces of JORC gold.
The company's core products are gold doré (a gold-silver alloy), copper concentrate, and silver, produced through an integrated processing platform at Gedabek combining cyanide heap and agitation leaching, SART (Sulphidisation, Acidification, Recycling and Thickening), flotation — including high-efficiency Imhoflot pneumatic cells that reduce energy consumption by 30-50% — and Resin-in-Pulp gold recovery. A 2017-installed reverse osmosis water treatment plant minimises fresh water consumption. FY25 production was 25,061 oz gold, 7,915 tonnes copper and 153,332 oz silver, with FY26 guidance of 20,000-25,000 tonnes copper, 28,000-33,000 oz gold and 170,000-210,000 oz silver, reflecting a strategic pivot to copper-led output.
Anglo Asian Mining operates a pure B2B offtake model, selling all production directly to global commodity trading houses and metals smelters at site-level prices determined by prevailing international metal prices. The customer base is anchored by commodity traders including Trafigura, which purchased initial copper concentrate from Demirli in November 2025. The company is publicly listed on the London Stock Exchange's AIM market, conducts institutional investor relations through LSE RNS, roadshows and presentations, and is transitioning into a copper-focused mid-tier producer targeting 55,000 tonnes per annum of copper by 2029-2030.
Anglo Asian Mining firmographics
Firmographics- Name
- Anglo Asian Mining
- Legal name
- Anglo Asian Mining Plc
- Website
- https://angloasianmining.com
- Company type
- Public
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Anglo Asian Mining is a publicly listed gold, copper and silver producer operating eight contract areas covering 2,544 km² in western Azerbaijan under a 1997 Production Sharing Agreement, selling doré, copper concentrate and silver directly to global commodity trading houses and smelters.
- Ownership category
- akta.pro rank
Anglo Asian Mining industry classification
Industry- Product category
- Gold and Copper Mining
- NAICS
- Gold Ore and Silver Ore Mining (21222), Copper, Nickel, Lead, and Zinc Mining (212230)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
- akta.pro secondary industries
- Copper Ore Mining (Open-Pit & Underground) (IMAKADAB), Silver Mining (IMAKAEAB)
Keywords
Where Anglo Asian Mining is headquartered
LocationHeadquarters
- HQ city
- Baku
- HQ country
- Azerbaijan
- HQ region
- Asia
Offices3 records
Markets served
Anglo Asian Mining business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Infrastructure, Others
Revenue model
- Gold, Copper and Silver Sales: Anglo Asian Mining generates revenue by producing and selling gold doré (an alloy of gold and silver), copper concentrate, and silver. Gold doré is produced via cyanide leaching (heap and agitation). Copper concentrate is produced via SART and flotation processing. All products are sold directly to commodity trading houses and smelters.
- Copper Concentrate Sales: Copper concentrate produced at Demirli and Gedabek is sold to commodity trading houses such as Trafigura. Initial sales from Demirli in November 2025 totaled $3.6 million.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Anglo Asian Mining product offering
Product offeringCore offering
Anglo Asian Mining is an established gold, copper and silver producer that operates six producing mines and multiple development projects across eight contract areas in western Azerbaijan. It mines and processes ore through an integrated Gedabek facility producing gold doré, copper concentrate and silver, which it sells directly under offtake agreements to global commodity trading houses and smelters. The company is transitioning to become a mid-tier, copper-focused producer, with FY25 production of 25,061 oz gold, 7,915 t copper and 153,332 oz silver.
Product overview
Anglo Asian Mining is a mining company with a portfolio of mineral production and processing operations in Azerbaijan. The company operates multiple mines across eight contract areas spanning 2,544 km², producing gold doré, copper concentrate, and silver. Core processing technologies include cyanide leaching (heap and agitation), SART (Sulphidisation, Acidification, Recycling and Thickening), flotation, and resin-in-pulp recovery. Production sites include Gedabek (main processing hub), Demirli (copper-molybdenum), and Gosha (gold), with development-stage projects at Xarxar and Garadag. The company is transitioning to become a copper-focused mid-tier producer.
Differentiator
Problem solved
Functional benefit
Products and services
- Gold Doré Gold-silver alloy produced via cyanide leaching processes at the Gedabek processing plant in Azerbaijan, including heap leaching of crushed ore, heap leaching of ROM ore, and agitation leaching methods. Sold directly to commodity trading houses and metals smelters.
- Copper Concentrate Copper and precious metal concentrate produced via SART and flotation methods at Gedabek and Demirli processing facilities. Sold directly to commodity trading houses such as Trafigura under offtake agreements.
- Silver
Quantifiable outcome
- Q2 copper production of 5,129 metric tonnes, a 27% QoQ and 87% YoY increase
- +4 more outcomes
Companies that use Anglo Asian Mining
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Anglo Asian Mining technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Anglo Asian Mining partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and key.
- Worley Europe LimitedcoreAnglo Asian Mining appointed Worley Europe Limited to conduct feasibility studies for its Xarxar and Garadag copper deposits in Azerbaijan. Studies will evaluate heap leach processing and solvent extraction-electrowinning technology for on-site copper metal production — a first for both the company and Azerbaijan. Xarxar study targeted for mid-2027, Garadag for first half of 2028. Combined deposits host over one million tonnes of copper metal. Supported by a 90,000-metre drilling programme through 2026-2027.
- TrafigurakeyTrafigura purchased initial copper concentrate sales from Anglo Asian Mining's Demirli mine in Karabakh, totaling $3.6 million in November 2025. The company established a logistics centre near Ganja to facilitate sales of copper concentrate.
Scale indicators13 records
Recent moves7 records
Expansion highlights6 records
Anglo Asian Mining competitors and assessment
Company assessmentDirect peers
- Polymetal International plc: LSE-listed precious metals (gold/silver/copper) producer with major operations across Russia and the CIS. Comparable for LSE listing, CIS-jurisdiction exposure, and gold-copper-silver product mix.
- Capstone Copper Corp: Mid-tier pure-play copper producer with operations in the Americas. Comparable mid-cap copper-focused strategy, copper concentrate offtake model, and growth-oriented development pipeline similar to Anglo Asian's copper transition.
- KAZ Minerals (Kazakhmys): Copper-focused miner with major operations in Kazakhstan. Comparable for CIS-jurisdiction copper exposure, scale of resource base, and vertically integrated processing model relevant to Anglo Asian's SX-EW ambitions.
- Central Asia Metals plc: London-listed mid-tier base metals producer with copper, zinc, and lead assets in Central Asia (Kazakhstan, North Macedonia). Closest comparable given similar AIM/LSE listing, mine scale, geographic risk profile, and multi-commodity exposure.
- Hochschild Mining plc: LSE-listed mid-tier precious metals miner focused on gold and silver, with operations in the Americas. Comparable LSE listing, mid-cap scale, and underground mining expertise relevant to Gilar and Gosha.
Broad incumbents
- Aurubis AG: Europe's largest copper smelter and refiner, a natural downstream counterpart for Anglo Asian's copper concentrate. Comparable as a bellwether for European copper processing economics relevant to Trafigura offtake pricing.
- Endeavour Mining plc: LSE-listed mid-tier gold producer operating across West Africa. Comparable in size and stage of mid-tier precious metals producer status, but focused purely on gold versus Anglo Asian's multi-metal portfolio.
- Pan American Silver Corp: Large-scale established silver and gold producer across the Americas. Comparable for silver-gold product mix and byproduct copper exposure, though significantly larger and more diversified by geography.
Others
- Libero Copper & Gold Corporation: Junior copper explorer holding the Mocoa copper deposit in Colombia, in which Anglo Asian holds a minority equity stake. Relevant as a thematic connection to Anglo Asian's growth strategy but not an operational peer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Anglo Asian Mining social profiles
Digital presenceAnglo Asian Mining compliance and trust
Trust signalCompliance5 records
Anglo Asian Mining financial estimates
Financial estimateRevenue estimate
Valuation estimate
Anglo Asian Mining leadership team
Management profileNumber of profiles
Profiles11 records
Anglo Asian Mining subsidiaries and ownership
Company hierarchySubsidiaries1 record
Anglo Asian Mining funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Anglo Asian Mining M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Anglo Asian Mining
What does Anglo Asian Mining do?
Anglo Asian Mining is an established gold, copper and silver producer that operates six producing mines and multiple development projects across eight contract areas in western Azerbaijan. It mines and processes ore through an integrated Gedabek facility producing gold doré, copper concentrate and silver, which it sells directly under offtake agreements to global commodity trading houses and smelters. The company is transitioning to become a mid-tier, copper-focused producer, with FY25 production of 25,061 oz gold, 7,915 t copper and 153,332 oz silver.
Is Anglo Asian Mining a public or private company?
Anglo Asian Mining is a public company. It is classified as public and is currently operating.
When was Anglo Asian Mining founded?
Anglo Asian Mining was founded in 1997. It employs 501 to 1,000 people.
Where is Anglo Asian Mining based?
Anglo Asian Mining is headquartered in Baku, Azerbaijan, in the Asia region.
How does Anglo Asian Mining make money?
Two revenue lines are on record. Gold, Copper and Silver Sales are the primary driver. The others are copper Concentrate Sales.
Who are Anglo Asian Mining's main competitors?
Direct peers on record are Polymetal International plc, Capstone Copper Corp, KAZ Minerals (Kazakhmys), Central Asia Metals plc and Hochschild Mining plc. Broad incumbents are Aurubis AG, Endeavour Mining plc and Pan American Silver Corp. Libero Copper & Gold Corporation is listed as an others.
Does Anglo Asian Mining have an API?
No public API is recorded for Anglo Asian Mining.
What industry is Anglo Asian Mining in?
Anglo Asian Mining's product category is Gold and Copper Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining, with a secondary code of IMAKADAB, Copper Ore Mining (Open-Pit & Underground). Its NAICS code is 21222 and its SIC code is 1040.