Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining
25 May 2017 Anglo Asian Mining PLC Full year results – 2016
Anglo Asian Mining plc (“Anglo Asian” or “the Company”), the AIM listed gold, copper and silver producer focused in Azerbaijan, is pleased to announce its final audited results for the year ended 31 December 2016 (“FY 2016”). Note that all references to “$” are to United States Dollars.
A policy of nationalizing chunks of an economy inevitably creates oligarchs who skim profits off the country’s natural resources.
As such, you won’t be surprised to learn that the largest energy companies in the world are owned and operated by governments, and they include: Saudi Aramco, Russian Gazprom, China National Petroleum Corp. (CNPC), National Iranian Oil Co., Petroleos de Venezuela, Brazil’s Petrobras and Malaysia’s Petronas. How they’re run varies wildly—as does where their wealth goes.