Anglo Asian Mining PLC - Azerbaijan-focused gold, copper and silver producer - Signs agreement for new AZN55 million, about $32.3 million, revolving credit facility with the International Bank of Azerbaijan. Says the seven-year facility was entered into through Anglo Asian’s wholly owned operating subsidiary, Azerbaijan International Mining Co. Adds that the facility will provide both additional finance and operational flexibility for its expansion plans.
‘The agreement represents another important step in Anglo Asian preparing for the implementation of its medium-term growth plans, culminating in establishing the company as a mid-tier copper-focused mining company. These plans will be published later this month,’ Anglo Asian Mining comments.
Current stock price: 103.50 pence
12-month change: up 6.7%
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