Anglo Asian doubles its profits

Anglo Asian Mining, the Aim-listed emerging market gold producer, said yesterday that its profits had more than doubled in the first six months of the year as demand for gold pushed up prices. The firm unveiled a pre-tax profit up 129 per cent to £9m, on revenues 35 per cent higher. The company also revealed plans to increase its resource base and increase the mine life of its flagship Gedabek mine in Azerbaijan.