The company Anglo Asian Mining, mining gold, silver and copper in Azerbaijan announced the discovery of new gold deposits. According to Turan, deposit discovered in the licensed territory in Gadabay (on the border with Armenia) and is called "Ugur" ( "Success"). Tests have shown that the average gold recovery of 87%, according to the company's website.
"After the completion of a number of operational work to improve efficiency and reduce costs, the company has once again become profitable. The company will expand its production," said the company's CEO Reza Vaziri.
* The Anglo Asian Mining has three contracts for exploration and production of gold, silver, copper. The total contract area is 1062 sq / km. Another 900 sq / km area under the contract are in the territories occupied by Armenia. -71D-
Economics
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