Anglo Asian Mining recognizes the concerns expressed about Seyudlu and is ready to cooperate with the government of Azerbaijan

Baku/17.07.23/Turan: Anglo Asian Mining, a company specializing in gold, copper, and silver production in Azerbaijan, has released an update on its plans for constructing a second tailings dam in the Gedabek district. The company's operations at the Seyudlu gold deposit were temporarily halted on July 14 following a decision by Azerbaijani Prime Minister Ali Asadov. The government has requested an international consulting firm to conduct an environmental impact assessment of Anglo Asian Mining's activities.

In response to protests surrounding the proposed location of the second tailings dam, Anglo Asian Mining acknowledges the concerns raised. To address these issues, various government departments, with the support of independent laboratories, conducted environmental sampling in the vicinity of the existing tailings dam. The results did not indicate any contamination or elevated rates of illness among the local population.

Anglo Asian Mining emphasizes its longstanding positive relationship with the community in the Gedabek district, where it has been operating since 2009 and has made significant contributions to social and economic development. Despite unexpected concerns over the location of the second tailings dam, the company has agreed, in collaboration with the government, to reassess the technical and environmental aspects of the project, including the proposed site.

The environmental study will be conducted by an independent international consulting firm invited by the Ministry of Ecology and Natural Resources. Anglo Asian Mining's local environmental engineers and independent tailings management consultants will assist in the process. The company is currently finalizing a protocol with the government for conducting the study and, during this period, plans to reduce certain operations that result in discharge into the existing tailings dam. Production guidelines will be revised accordingly, and detailed information about the protocol will be published upon completion.

Anglo Asian Mining places great importance on compliance with local laws and regulations, as well as prioritizing the health, safety, and well-being of its employees and local stakeholders. The company adheres to global best practices, international standards, and guidelines, ensuring that its tailings dams meet ICMM standards, considered the industry benchmark. Technical assurance has been received regarding the possibility of raising the current dam's wall, pending the necessary permits and completion of the environmental study. Therefore, the company believes it will have sufficient tailings capacity during the construction of the second dam.

The company commits to providing ongoing updates on the progress of the reassessment of the second tailings dam's location and technical aspects as needed.

It may be reminded that the gold deposit Seudlu is operated by "Anglo Asian Mining PLC", which is registered in the UK with the participation of US citizen Reza Vaziri, owner of "RV Investments Group Services" LLC.

In 1997, the Government of Azerbaijan signed a contract with "RV Investments Group Services' LLC to grant rights to develop a number of ore deposits, including in the village of Seudlu.--0--