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Construction Of The Factory Of Production Of Pure Copper In Kajaran

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  • Construction Of The Factory Of Production Of Pure Copper In Kajaran

    CONSTRUCTION OF THE FACTORY OF PRODUCTION OF PURE COPPER IN KAJARAN WILL POSSIBLY FINISH IN 2010

    ARMENPRESS
    Oct 7, 2009

    YEREVAN, OCTOBER 7, ARMENPRESS: A project of construction of a factory
    of production of purified, clean copper in Kajaran is being implemented
    by the "Chronomet" company which is the main shareholder of "Zangezour
    Copper Molybdenum Factory". Here copper wires will also be produced.

    Head of the industry department of the Armenian Economy Ministry
    Hayk Mirzoian told Armenpress that establishment and exploitation of
    the factory will give an opportunity to restore the production of
    wires in Armenia. The volumes of the investments necessary for the
    implementation of the project reach nearly 100 million Euros. The
    Company intends to get a part of the sum as credit from the European
    Bank of Reconstruction and Development.

    According to H. Mirzoian the production of copper wires must be
    organized in new, yet untested technologies during the conduction of
    which all the possible risks are taken into account. Construction
    of the factory will be finished in 2010. From 2011 pure copper and
    copper wires will be produced in Armenia. With it Armenia will also
    start to export a ready made product, meanwhile by now only copper
    row material is exported.

    "The foreign investors are also interested in the deepening of the
    procession phase of the mine resources of Armenia," Hayk Mirzoian said.

    "Chronimet" is also conducting works towards organization of production
    of electric batteries in the Yerevan "Electron" factory which will be
    the only one in the republic in its types of production and standards.
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