Business
Gedabek Tailings Dam
Gedabek Tailings Dam.
About this update from Anglo Asian Mining Plc
[{"type":"text","content":"\n\n \n \n17 July 2023\nAnglo Asian Mining plc\nGedabek Tailings Dam\n \nAnglo Asian Mining plc (\"Anglo Asian\" or the \"Company\"), the AIM listed gold, copper and silver producer focused in Azerbaijan, provides the following update regarding its second tailings dam, which will be located in the Gedabek district of Azerbaijan.\n \nThe Company's preferred site for the construction of its second tailings dam is close to its existing dam and the necessary land allocation from the Government of Azerbaijan (the \"Government\") has been granted. However, the location of the new dam has recently been the subject of protests. Since these began, various Government departments, assisted by independent laboratories, have carried out environmental sampling of the area surrounding the existing tailings dam. No contamination, or a higher incidence of disease in the neighbouring population, has been identified.\n \nAnglo Asian has been operating at Gedabek since 2009 and is proud of its long-standing and strong community relations, particularly its significant social and economic contribution to the local area which was historically impoverished with low levels of employment. Accordingly, the sudden unrest over the location of the second tailings dam was unexpected. Nevertheless, the Company, in collaboration with the Government, has agreed to a re-evaluation of the technical and environmental aspects of its second tailings dam, including the proposed location and other related matters (the \"Environmental Study\").\n \nThe Environmental Study will be carried out by an independent international consultancy under the auspices of the Ministry of Ecology and Natural Resources. The Company's local environmental engineers, CQA International, and its independent tailings management consultants, Knight Piésold, will assist in the process. The Company is currently agreeing a protocol with the Government for how the Environmental Study will be carried out, which it expects to finalise in the coming days. Whilst the Environmental Study is being finalised, and any identified remedial work is completed, the Company expects to curtail the parts of its Gedabek operation which result in discharge into its existing tailings dam (primarily being the operation of its flotation and agitation leaching plants). Details of the protoc...