Azerbaijan receives another batch of gold

Azerbaijan received 3.998.2 troy ounces (124.4 kilograms) of gold extracted at the Gadabay field, the Azerbaijani Finance Ministry said on the official website on Thursday.
The gold was cleared in Switzerland after the extraction.

Azerbaijan has already received 12.514.7 troy ounces (389.2 kilograms) earlier.
Anglo Asian Mining Plc owns the rights to develop six fields in south-west Azerbaijan at Gedabey, Ordubad, Gosha Bulag, Gizil Bulag, Vejnali and Soyutlu. The concession is based on PSA agreements signed with the Azerbaijani government in August 1997.

The PSA has signed an agreement with the Azerbaijani government and Azerbaijan International Mineral Resources Operating Co.Ltd (AIMROC) for 30 years where Azerbaijan's share is 51 per cent whilst Britain's Anglo-Asian Mining Plc is 49 per cent.


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