Business
Response to ACG Metals Limited no intention to bid
Anglo Asian Mining PLC announced that ACG Metals Limited has stated it does not intend to make an offer for the company, which binds ACG under takeover rules. Anglo Asian remains focused on shareholder value through asset development, having recently launched two new mines and continuing to advance its strategy to become a mid-tier copper producer. For the nine months to September 30, 2025, the company produced 3,475 tonnes of copper and 18,912 ounces of gold, with plans to bring three more mines online by 2030. Disclaimer*
About this update from Anglo Asian Mining Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\n \nFOR IMMEDIATE RELEASE\n11 December 2025\n\nResponse to ACG Metals Limited no intention to bid statement\nAnglo Asian Mining PLC (\"Anglo Asian\" or the \"Company\"), the AIM-listed gold, copper and silver producer focused in Azerbaijan, is pleased to announce and notes the announcement made by ACG Metals Limited (\"ACG\") earlier today that it does not intend to make an offer for Anglo Asian. As a result of the announcement, ACG is bound by the restrictions contained in Rule 2.8 of the City Code on Takeovers and Mergers.\nAnglo Asian remains committed to creating value for its shareholders through continued production and development of its assets. This includes the two new mines it has brought online over the past 12 months, in addition to its historically profitable assets. \nOver the past year, as we have followed through on our strategic plans and continue to move towards developing Xarxar, Garadagh and grow into a mid-tier copper producer, the markets have started to recognize the ability of our management team and board to continuously develop new opportunities from our extensive license portfolio. The board and management team look forward with confidence to our strategy, which has been successful for our shareholders. We are confident that Anglo Asian will drive substantial value with our clear and achievable strategic plans to organically grow the business.\n \nMarket Abuse Regulation (MAR) Disclosure\nCertain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014, which was incorporated into UK law by the European Union (Withdrawal) Act 2018, until the release of this announcement.\nFor further information please contact: \n\n\n\n\nAnglo Asian Mining plc\n\n\n\n\n\n\n\nReza Vaziri, Chief Executive Officer\n\n\nTel: +994 12 596 3350\n\n\n\n\nBill Morgan, Chief Financial Officer\n\n\nTel: +994 502 910 400\n\n\n\n\nStephen Westhead, Vice President\n\n\nTel: +994 502 916 894\n\n\n\n\nAmir Vaziri, Chief Business Development Officer\n\n\nTel: +1 (301) 332 9938\n\n\n\n\n\n\n\...