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Mining industry output down 4.7% in Armenia in H1

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  • Mining industry output down 4.7% in Armenia in H1

    Interfax
    Aug 12 2004

    Mining industry output down 4.7% in Armenia in H1

    Yerevan. (Interfax) - Armenian mining enterprises produced product
    worth 62.14 billion dram ($120 million) in the first half of 2004,
    4.7% less year-on-year, the country's Trade and Economic Development
    Ministry told Interfax.

    This drop was attributable to the aluminum foil plant Armenal, a
    major sector producer, being idle since the start of the year.

    Mining enterprises sold 60.586 billion dram worth of product in the
    reporting period, 62% more year-on-year and reflecting high world
    metal prices. Armenian product exports increased 50.7% to 47.455
    billion dram. The sector employs 7,737 workers.
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