What's Happening?
Anglo Asian Mining PLC, a company listed on the AIM market, has commenced production using two new larger filter presses and a thickener at its Gedabek flotation plant in Azerbaijan. This development is part of an upgrade to replace older equipment with new, more efficient machinery capable of processing higher-grade ore from the Gilar mine. The equipment, sourced from Yon Proses & Filtrasyon Teknoloji in Türkiye, was installed at a cost of $500,000. The upgrade aims to increase copper production, with the company reporting a record month for copper output in November. The plant is also preparing for further enhancements, including the installation of additional flotation cells from Maelgwyn Mineral Services, expected to boost metal recovery
rates.
Why It's Important?
The upgrade at the Gedabek plant is significant for Anglo Asian Mining as it addresses a bottleneck caused by higher-than-expected ore grades from the Gilar mine. By enhancing the plant's capacity to process this ore, the company can meet the growing global demand for copper, a critical metal in various industries, including electronics and renewable energy. The successful completion of this project on time and within budget demonstrates the company's operational efficiency and commitment to growth. This development not only strengthens Anglo Asian's position in the mining sector but also contributes to the broader supply chain of copper, which is essential for technological advancements and infrastructure projects worldwide.
What's Next?
Anglo Asian Mining plans to continue its expansion efforts at the Gedabek plant. The installation of additional flotation cells is scheduled to begin early next year, with preparatory work already underway. This expansion is expected to further increase the plant's efficiency and metal recovery rates. The company has a stockpile of Gilar ore ready for processing, which will be utilized once the plant's capacity is fully enhanced. As global copper demand continues to rise, Anglo Asian's strategic upgrades position it well to capitalize on market opportunities and drive future growth.
