(Correcting to clarify that cyanide levels at Anglo Asian Mining PLC’s existing tailings dam in Azerbaijan were below the legal limit.)

Anglo Asian Mining PLC - Azerbaijan-focused copper and gold producer - Updates on operations at tailings dam in Gebabek, Azerbaijan. As ‘precautionary measure’, suspended operation of flotation plant on Monday. Says move is ‘in accordance with a draft protocol with the government’. Anglo Asian notes consultants from Micon International Co Ltd visited Gebabek last week to carry out full environmental inspection on behalf of government. Micon will issue a full report by September 8. Flotation plant is to remain suspended until all environmental and safety deficits, if any are found by Micon, are fixed. Anglo Asian notes that level of cyanide in existing tailings dam was below the legal limit required by the government.

It also notes exploration continues as normal. Adds suspension will result in reduced production of around 400 tonnes of copper and 300 ounces of gold in August.

Current stock price: 68.80 pence, down 4.4% on Wednesday

12-month change: down 23%

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