15 Dec 2010 12:14

Azerbaijan continues to ramp up gold production

BAKU. Dec 15 (Interfax) - Azerbaijan, which launched commercial gold production in the second half of 2009, when it mined 333 kg of the metal, ramped production up to 1.7 tonnes in January-November this year, the State Statistics Committee told Interfax.

The country also produces its first tonne of silver in November.

Britain's Anglo Asian Mining Plc poured its first gold at the Gedabek copper-gold field in Azerbaijan in May. Anglo Asian Mining, established R.V. Investment Group Services LLC of the United States, holds licenses to six gold fields in Azerbaijan, which could yield 400 tonnes of gold, 2,500 tonnes of silver and 1,500 tonnes of copper.


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