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GEOPROMINING COMPANY'S PROGRAMME ON TECHNICAL REEQUIPMENT OF GOLD ORE MINING AND PROCESSING IN ARMENIA IS WORTH $200 MILLION
ArmInfo
2010-09-10 13:36:00
ArmInfo. GeoProMining company's programme on technical reequipment of
the gold ore mining and processing in Armenia is worth $200 million,
President of GeoProMining Group of Companies Roman Khudoliy told
journalists.
According to him, implementation of "Albion" innovative technology at
Ararat Gold Recovery Plant will cost about $45 mln. The technology
offers a new solution for processing of refractory sulphide ores
with maximum metal extraction. GPM Gold signed contracts with
Core Resources and Xstrata Technology companies for designing and
implementation of the "Albion" technology in conditions of the Ararat
Gold Recovery Plant.
"Investments will also be made in increasing the quarries and their
design. Currently we start preparing a banking feasibility study
on the programme. We schedule to complete the whole design work in
2011 and start the project implementation in the 4th quarter. Mining
business is very inertial, and if we start investing money now,
we shall "scroll" the year 2012", Khudoliy said. According to him,
implementation of new technologies will allow to increase the annual
mining volume from 25 to 150 thsd ounces.
According to GPM Gold Company Director General Vladimir Kozlov,
about $9 mln have already been invested in equipment at the Sotk
gold field since early 2010. "We shall invest another one and half
million in the infrastructure till late 2010, including construction
of a new shop for repair of 130-ton dump trucks. It is scheduled to
acquire another fork lifter and a tire repair equipment for repair
of giant tires", he said. In 2010, the Company has already acquired
and put into operation 10 mine dump trucks "Belaz" with load-carrying
capacity of 45 tons, as well as bulldozers, a loading machine and a
drill rig. An excavator Terex RH-90C was also supplied to the deposit
in July. According to him, it is scheduled to complete reequipment
of production during 3 - 3,5 years.
GeoProMining GC is engaged in metal mining in Russia, Armenia and
Georgia. The Company's fixed assets in Armenia are GPM Gold Company
which exploits the Sotk gold field, Ararat Gold Recovery Plant and
Agarak Copper and Molybdenum Combine.
From: A. Papazian
ArmInfo
2010-09-10 13:36:00
ArmInfo. GeoProMining company's programme on technical reequipment of
the gold ore mining and processing in Armenia is worth $200 million,
President of GeoProMining Group of Companies Roman Khudoliy told
journalists.
According to him, implementation of "Albion" innovative technology at
Ararat Gold Recovery Plant will cost about $45 mln. The technology
offers a new solution for processing of refractory sulphide ores
with maximum metal extraction. GPM Gold signed contracts with
Core Resources and Xstrata Technology companies for designing and
implementation of the "Albion" technology in conditions of the Ararat
Gold Recovery Plant.
"Investments will also be made in increasing the quarries and their
design. Currently we start preparing a banking feasibility study
on the programme. We schedule to complete the whole design work in
2011 and start the project implementation in the 4th quarter. Mining
business is very inertial, and if we start investing money now,
we shall "scroll" the year 2012", Khudoliy said. According to him,
implementation of new technologies will allow to increase the annual
mining volume from 25 to 150 thsd ounces.
According to GPM Gold Company Director General Vladimir Kozlov,
about $9 mln have already been invested in equipment at the Sotk
gold field since early 2010. "We shall invest another one and half
million in the infrastructure till late 2010, including construction
of a new shop for repair of 130-ton dump trucks. It is scheduled to
acquire another fork lifter and a tire repair equipment for repair
of giant tires", he said. In 2010, the Company has already acquired
and put into operation 10 mine dump trucks "Belaz" with load-carrying
capacity of 45 tons, as well as bulldozers, a loading machine and a
drill rig. An excavator Terex RH-90C was also supplied to the deposit
in July. According to him, it is scheduled to complete reequipment
of production during 3 - 3,5 years.
GeoProMining GC is engaged in metal mining in Russia, Armenia and
Georgia. The Company's fixed assets in Armenia are GPM Gold Company
which exploits the Sotk gold field, Ararat Gold Recovery Plant and
Agarak Copper and Molybdenum Combine.
From: A. Papazian