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New concessions herald status change for Anglo Asian

AIM-listed Anglo Asian Mining is set to pick up new ground in Azerbaijan that the company believes could lift it into the realms of mid-tier gold and copper producers.

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Anglo Asian Mining's Gedabek mine in Azerbaijan

The miner has agreed heads of terms with the Azeri government on three new concession areas - Garadagh, Xarxar and Demirli - which border its Gedabek and Kyzlbulag contract areas.