Anglo Asian Mining (GB:AAZ) has released an update.
Anglo Asian Mining PLC has secured a $5 million prepayment agreement with Trafigura for the sale of copper concentrate, enhancing the company’s financial flexibility while it restarts operations. The agreement grants Trafigura exclusive rights to 50% of the first year’s production from the Demirli mine, with an immediate $3 million advance and an additional $2 million upon resumption of flotation processing. This strategic move is part of Anglo Asian’s plan to become a multi-asset copper and gold producer by 2028.
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