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Anglo Asian Mining takes out $10M loan from International Bank of Azerbaijan
Industry
- 12 October, 2023
- 10:52
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Anglo Asian Mining, the AIM-listed gold, copper and silver producer operating in Azerbaijan, announces that it has drawn down a $10 million tranche from the International Bank of Azerbaijan (IBA) under its revolving credit facility, Report informs, citing Anglo Asian Mining.
This credit facility was suspended whilst the Micon environmental review was carried out. However, this drawdown of $10 million follows the recognition by the Government of Azerbaijan that there is no environmental contamination at Gedabek following the release of the Micon environmental report.
The loan has been drawn down under the Group's 55 million manats ($32.3 million) credit line.
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