Last checked at 15 Mar 2011 15:40
Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining
15 March 2011
Anglo Asian Mining plc ('Anglo Asian' or 'the Company')
Holding(s) in Company
Anglo Asian Mining, the AIM listed gold producer, received notification on 11 March 2011, that RCF Management LLC no longer has a notifiable interest in the share capital of the Company.
**ENDS**
For further information please visit www.aamining.com or contact:
Reza Vaziri | Anglo Asian Mining plc | Tel: +994 12 596 3350 |
Andrew Herbert | Anglo Asian Mining plc | Tel: +994 12 596 3350 |
John Harrison | Numis Securities Limited, as Nominated Adviser | Tel: +44 (0) 20 7260 1000 |
James Black | Numis Securities Limited, as Corporate Broker | Tel: +44 (0) 20 7260 1000 |
Felicity Edwards | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
Hugo de Salis | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
Notes:
Anglo Asian Mining plc (AIM:AAZ) is a gold producer in Central Asia with a broad portfolio of production and exploration assets in Azerbaijan. The Company has a 1,962 sq km prospective exploration portfolio, assembled on the back of analysis of historic Soviet geological data and held under a Production Sharing Agreement ('PSA') based on the Azeri oil industry. The Company developed Azerbaijan's first operating gold/copper mine, Gedabek, which commenced gold production in May 2009. Gold production for the year ended 31 December 2010 totalled 67,267 oz of gold.
Anglo Asian is actively looking to exploit its first mover advantage in Azerbaijan to identify additional projects, as well as looking for other properties in Central Asia and Caucasia in order to fulfil its expansion ambitions and become a mid-tier gold and base metal production company focussed in these regions.