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Government to Fund Repairs of Zangezour Copper-Molybdenum Plant

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  • Government to Fund Repairs of Zangezour Copper-Molybdenum Plant

    ARMENIAN GOVERNMENT MADE A DECISION TO ALLOCATE FUNDS FOR REPAIR OF
    ZANGEZOUR COPPER-MOLYBDENUM PLANT


    YEREVAN, AUGUST 19. ARMINFO. Armenian government made a decision to
    allocate 50 mln drams for repair of the building of the Zangezour
    Copper-Molybdenum Plant cjsc, Deputy Minister of trade and Economic
    Development of Armenia Ashot Shahnazarian told ARMINFO.

    According to him, these means will be attracted due to the net profit
    of the plant received in 2004. It should be noted that on the results
    of 2003 the net profit of the enterprise exceeded $7 mln. The
    leadership of the Ministry thinks that on the results of the current
    year the profit will grow.
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