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SCR, GeoProMining Sign Cooperation Agreement

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  • SCR, GeoProMining Sign Cooperation Agreement

    SCR, GEOPROMINING SIGN COOPERATION AGREEMENT

    PanARMENIAN.Net
    01.12.2009 14:28 GMT+04:00

    /PanARMENIAN.Net/ South Caucasian Railways and GeoProMining signed
    Tuesday an agreement on strategic partnership and cooperation. The
    agreement stipulates for offering complex transportation services to
    GeoProMining Ltd. The services will include gold ore transportation
    from Sotk mine to Ararat enrichment plant.

    "The agreement aims at transportation services' quality improvement
    and optimization of transportation expenditures," SCR director general
    Shevket Shaydullin said.

    GeoProMining Ltd. director general Roman Khudoliy, for his part,
    expressed intention to increase metal mining industry volumes within
    three years, using updated technologies and ore dressing equipment.

    Additional investments will allow South Caucasian Railways CJSC to
    increase annual capacity of Sotk-Vardenis-Hrazdan-Ararat branch line
    up to 2 million tons.

    From: Emil Lazarian | Ararat NewsPress
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