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AZERBAIJAN-BASED GOLD MINING COMPANY GETS UNDENIABLE FACTS TO FILE A LAWSUIT AGAINST ARMENIA WITH THE INTERNATIONAL COURT
APA
Feb 16 2009
Azerbaijan
Baku. Rashad Suleymanov - APA-ECONOMICS. Azerbaijan International
Mining Operating Company (AIMOC), led by Anglo Asian Mining plc. has
collected fresh facts proving the illegal exploitation of Soyudlu
gold deposit of Azerbaijan's Kalbajar region occupied by Armenia.
Reza Vaziri, CEO of the Company, told APA-ECONOMICS that the video
footage shows exploitation of gold in the deposit through a large
number of vehicles and trucks there.
"We have discussed these facts with our lawyers. We are preparing
necessary paperwork for the international court," he added.
According to him, a decision will be taken after discussing the facts
and next steps with the Government of Azerbaijan.
Besides, Anglo Asian Mining Plc. will discuss the issue at a board
meeting in late March.
Anglo Asian Mining Plc (49%) and Azerbaijan (51%) signed a 30-year
Production Sharing Agreement (PSA) to develop previously identified
copper and gold properties in Azerbaijan that lie on the Tethyan
Mineralization Belt which runs between Turkey and Pakistan.
The joint venture has copper and gold development properties in 3
separate mining areas of Azerbaijan.
The six fields reflected in the agreement include one field in
Nakhchivan, one in Gandja, one in Gedebey, 3 in the occupied lands (Zod
Field in Kelbedjer, Kizilbulag in Aghdara, and Vajnali in Zangilan).
Under the Production Sharing Agreement, 400 tons of gold, 2,500 tons
of silver and 1.5 million tons of copper will be extracted from the
contract fields.
APA
Feb 16 2009
Azerbaijan
Baku. Rashad Suleymanov - APA-ECONOMICS. Azerbaijan International
Mining Operating Company (AIMOC), led by Anglo Asian Mining plc. has
collected fresh facts proving the illegal exploitation of Soyudlu
gold deposit of Azerbaijan's Kalbajar region occupied by Armenia.
Reza Vaziri, CEO of the Company, told APA-ECONOMICS that the video
footage shows exploitation of gold in the deposit through a large
number of vehicles and trucks there.
"We have discussed these facts with our lawyers. We are preparing
necessary paperwork for the international court," he added.
According to him, a decision will be taken after discussing the facts
and next steps with the Government of Azerbaijan.
Besides, Anglo Asian Mining Plc. will discuss the issue at a board
meeting in late March.
Anglo Asian Mining Plc (49%) and Azerbaijan (51%) signed a 30-year
Production Sharing Agreement (PSA) to develop previously identified
copper and gold properties in Azerbaijan that lie on the Tethyan
Mineralization Belt which runs between Turkey and Pakistan.
The joint venture has copper and gold development properties in 3
separate mining areas of Azerbaijan.
The six fields reflected in the agreement include one field in
Nakhchivan, one in Gandja, one in Gedebey, 3 in the occupied lands (Zod
Field in Kelbedjer, Kizilbulag in Aghdara, and Vajnali in Zangilan).
Under the Production Sharing Agreement, 400 tons of gold, 2,500 tons
of silver and 1.5 million tons of copper will be extracted from the
contract fields.