Baku: Anglo Asian Mining PLC (“Anglo Asian” or the “Company”), the AIM-listed gold, copper, and silver producer focused in Azerbaijan, has announced a contract to sell concentrate produced at its Demirli copper mine in Karabakh to Trafigura Pte Ltd (“Trafigura”).

According to Azeri-Press News Agency, the sales contract includes a revolving prepayment facility of up to $25 million. Anglo Asian has secured the necessary licenses to operate the processing plant at its Demirli mine from the Government of Azerbaijan. While the finalization of the required documentation continues, these licenses have already been granted. Additionally, the company has received a permit for the use of the existing tailings dam for up to 12 months, during which a second tailings dam will be constructed. The operating lease for the Demirli processing plant began on 1 October 2025.

A sales contract for copper concentrate has been concluded with Trafigura, with approval from the Government. The first sale of concentrate is anticipated to be completed by mid-November 2025. Reza Vaziri, CEO of Anglo Asian, expressed satisfaction with the acquisition of all relevant licenses, marking a significant milestone as the mine progresses towards full operation and contributes to the group’s production. The combination of obtaining necessary licenses and the Trafigura sales contract allows Anglo Asian to commence copper concentrate sales and capitalize on the Demirli mine.