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BAKU, Jan 18 (Reuters) - Anglo Asian Mining Plc saidits gold production in Azerbaijan had fallen to 50,215 ounces in2012 from 57,000 ounces in 2011, but plans to increaseproduction to 80,000 ounces in 2013, the company said in astatement.
Production fell last year mainly due to a harsh winter andgeological problems at the Gedabek gold and copper mine, asource from the company, who did not want to be named, said.
Anglo Asian Mining began gold production at Gedabek, 350 kmwest of the capital Baku, in July 2009. The company plans toextract a total of 22 tonnes of gold from the mine.
The company said it planned to increase gold production inAzerbaijan this year and to as much as 100,000 ounces in 2014,after commissioning an agitation leaching plant and afterstarting production at a second gold mine in the country calledGosha later this year.
By 2015 the group plans to increase gold production in thecountry to 300,000 ounces a year. It envisages the developmentof a total of seven mines in western Azerbaijan, includingGedabek and Gosha, with estimated gold reserves of 430 tonnes.
Anglo Asian, listed on London's junior AIM market, iscontrolled by R.V. Investment Group Services. The Azerigovernment owns 49 percent.
