Anglo Asian begins production at Gilar mine in Azerbaijan

Published: 2025-05-19 14:29 Author: Bruno Venditti

Source: MINING.COM (Original Article)

AI Analysis & Insights

Anglo Asian Mining Launches Operations at Gilar Mine in Azerbaijan

Summary: Anglo Asian Mining PLC has commenced production at its Gilar underground mine in Azerbaijan, aiming for a daily output of 2,000 tonnes of ore and a monthly target of 50,000 to 60,000 tonnes. The mine holds significant copper and gold reserves, contributing to the company's goal of becoming a mid-tier copper and gold producer by 2029.

Introduction

Anglo Asian Mining PLC (AIM: AAZ), a prominent mining company, has officially started production at its Gilar underground mine, situated at the Gedabek site in Azerbaijan. This development marks a significant step in the company’s expansion strategy in the region, focusing on both copper and gold extraction.

Main Body

The company has set ambitious production targets for the Gilar mine, planning to extract around 2,000 tonnes of ore daily, with a ramp-up to a monthly output of 50,000 to 60,000 tonnes. According to the maiden JORC mineral resource estimate released on December 11, 2023, the Gilar deposit is rich in resources, containing 6.10 million tonnes of mineralization. This includes an average grade of 0.88% copper, equating to nearly 54,000 tonnes of copper, and 1.30 grams of gold per tonne, totaling over 255,000 ounces of gold.

Following the announcement of production commencement, Anglo Asian’s shares surged by 7% in London, elevating the company’s market value to £169.9 million ($226.9 million). Despite this positive market response, the company faced challenges in 2024, producing only 16,760 gold-equivalent ounces due to a partial environmental shutdown. Operations, however, resumed by year-end.

Looking ahead, Anglo Asian is strategically positioning itself to transition into a multi-asset, mid-tier copper and gold producer by 2029, with copper expected to become its primary product. The company plans to bring four new mines into production between 2025 and 2029, namely Gilar, Zafar, Xarxar, and Garadag. This move aligns with the global surge in demand for copper, driven by the energy transition and electrification trends. However, questions remain: Can Anglo Asian manage environmental concerns effectively while scaling up operations? And how will geopolitical dynamics in the region impact its long-term plans?

Opinion and Analysis

The launch of the Gilar mine comes at a critical time when copper is increasingly viewed as a cornerstone of the green economy, essential for renewable energy infrastructure and electric vehicles. Anglo Asian’s focus on copper production by 2029 is a strategic bet on this trend, but it must navigate environmental and regulatory challenges, as evidenced by the 2024 shutdown. Investors appear optimistic, as reflected in the share price increase, yet sustained growth will depend on operational stability and the successful rollout of its additional mining projects.

Conclusion:

The start of production at the Gilar mine is a pivotal moment for Anglo Asian Mining as it seeks to strengthen its position in the copper and gold markets. While the company’s long-term vision is promising, addressing environmental and operational challenges will be crucial to achieving its ambitious goals by 2029.

盎格鲁亚洲矿业在阿塞拜疆启动吉拉尔矿生产

摘要: 盎格鲁亚洲矿业PLC已在阿塞拜疆启动吉拉尔地下矿的生产，目标日产矿石2000吨，月产目标为5万至6万吨。该矿拥有丰富的铜和金矿资源，有助于公司到2029年成为中型铜金生产商的目标。

引言

盎格鲁亚洲矿业PLC（AIM: AAZ），一家知名的矿业公司，正式宣布在阿塞拜疆格达贝克矿区的吉拉尔地下矿开始生产。这一进展标志着公司在该地区扩展战略的重要一步，重点是铜和金的开采。

主体内容

公司为吉拉尔矿设定了雄心勃勃的生产目标，计划每日开采约2000吨矿石，并逐步增至每月5万至6万吨的产量。根据2023年12月11日发布的首次JORC矿产资源评估，吉拉尔矿床资源丰富，包含610万吨矿化物。其中，铜的平均品位为0.88%，相当于近5.4万吨铜；金的品位为每吨1.30克，总计超过25.5万盎司黄金。

在生产启动的消息公布后，盎格鲁亚洲在伦敦的股价上涨了7%，公司市值达到1.699亿英镑（约2.269亿美元）。尽管市场反应积极，公司在2024年面临挑战，由于部分环保停产，全年仅生产了16760金当量盎司。不过，运营在年底恢复。

展望未来，盎格鲁亚洲计划到2029年转型为多资产中型铜金生产商，届时铜将成为其主要产品。公司计划在2025年至2029年间投产四个新矿：吉拉尔、扎法尔、哈克斯哈和加拉达格。这一战略与全球对铜的需求激增相符，铜的需求受到能源转型和电气化趋势的推动。然而，仍有问题待解：盎格鲁亚洲能否在扩大运营的同时有效应对环保问题？该地区的地缘政治动态又将如何影响其长期计划？

观点与分析

吉拉尔矿的启动正值铜被视为绿色经济基石的关键时刻，铜对可再生能源基础设施和电动汽车至关重要。盎格鲁亚洲到2029年专注铜生产的战略是对这一趋势的押注，但其必须应对环保和监管挑战，2024年的停产就是例证。投资者似乎持乐观态度，股价上涨反映了这一点，但持续增长将取决于运营稳定性和其他矿业项目的顺利推进。

结论:

吉拉尔矿的生产启动对盎格鲁亚洲矿业而言是一个关键时刻，公司希望借此巩固在铜和金市场中的地位。尽管公司的长期愿景充满希望，但解决环保和运营挑战将是实现2029年宏伟目标的关键。