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PRODUCTION GROWTH TO CONTINUE IN MINING INDUSTRY, METALLURGY AND BUILDING MATERIAL PRODUCTION
Noyan Tapan
Feb 27, 2008
YEREVAN, FEBRUARY 27, NOYAN TAPAN. A production growth was registered
in the mining industry, metallurgy and nonmetal ore processing in
2007, and the continuity of this growth will be ensured by investment
programs, the head of the nature use economy and mining industry
department of the RA ministry of trade and economic development Artur
Ashughian stated at the February 26 press conference.
According to him, production of the mining industry grew by 6.5%
in 2007 on 2006 and made about 225 bln drams (over 657.7 mln
USD). Particularly, the production of the Zangezur copper and
molybdenum enterprise (ZCME) grew by 3% to about 82 bln drams in
2007. It is envisaged that thanks to large-scale modernization
being done at ZCME now, 17 mln tons of ore will be processed at the
enterprise in 2008 instead of the previously programmed volume of 12.5
mln tons. It was announced that production of the Agarak copper and
molybdenum enterprise grew by about 8% to 15 bln drams. Production of
Deno Gold Mining compamy declined by about 4% to 6 bln 250 mln drams.
A. Ashughian explained the production decline at the plant of this
company by the fact that the plant applies technologies different from
those of ZCME. Besides, it uses the raw material of the newly developed
Shahumian gold-polymetallic mine, whereas the operation of ZCME did
not stop during the re-equipment of its processing production, although
the growth in production has slowed down because of re-equipment.
The ministery's official said that as for the molybdenum processing
plants, Armenian Molybdenum Production company's production grew by
33.5% to about 38 bln drams in 2007, while that of Pure Iron company
grew by 3% to 45.7 bln drams.
Out of the other metallurgical enterprises, production of ArmenAl made
14 bln drams in 2007 thanks to its modernization, which, according
to A. Ashughian, is a good index.
As regards cement plants, production of Ararat-Cement grew by about
21% as compared with 2006 and made about 13 bln drams, the same
indices with respect to Mika-Cement made about 10% and 7.5 bln drams
respectively. The building material producing enterprises ensured a
16% growth, with their production amounting to 21 bln drams.
Noyan Tapan
Feb 27, 2008
YEREVAN, FEBRUARY 27, NOYAN TAPAN. A production growth was registered
in the mining industry, metallurgy and nonmetal ore processing in
2007, and the continuity of this growth will be ensured by investment
programs, the head of the nature use economy and mining industry
department of the RA ministry of trade and economic development Artur
Ashughian stated at the February 26 press conference.
According to him, production of the mining industry grew by 6.5%
in 2007 on 2006 and made about 225 bln drams (over 657.7 mln
USD). Particularly, the production of the Zangezur copper and
molybdenum enterprise (ZCME) grew by 3% to about 82 bln drams in
2007. It is envisaged that thanks to large-scale modernization
being done at ZCME now, 17 mln tons of ore will be processed at the
enterprise in 2008 instead of the previously programmed volume of 12.5
mln tons. It was announced that production of the Agarak copper and
molybdenum enterprise grew by about 8% to 15 bln drams. Production of
Deno Gold Mining compamy declined by about 4% to 6 bln 250 mln drams.
A. Ashughian explained the production decline at the plant of this
company by the fact that the plant applies technologies different from
those of ZCME. Besides, it uses the raw material of the newly developed
Shahumian gold-polymetallic mine, whereas the operation of ZCME did
not stop during the re-equipment of its processing production, although
the growth in production has slowed down because of re-equipment.
The ministery's official said that as for the molybdenum processing
plants, Armenian Molybdenum Production company's production grew by
33.5% to about 38 bln drams in 2007, while that of Pure Iron company
grew by 3% to 45.7 bln drams.
Out of the other metallurgical enterprises, production of ArmenAl made
14 bln drams in 2007 thanks to its modernization, which, according
to A. Ashughian, is a good index.
As regards cement plants, production of Ararat-Cement grew by about
21% as compared with 2006 and made about 13 bln drams, the same
indices with respect to Mika-Cement made about 10% and 7.5 bln drams
respectively. The building material producing enterprises ensured a
16% growth, with their production amounting to 21 bln drams.