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ARMENIAN DEPUTY PRIME MINISTER VISITS AGARAK COPPER-MOLYBDENUM PLANT
/ARKA/
DECEMBER 6, 2011
YEREVAN
YEREVAN, December 6. /ARKA/. Armenian deputy prime minister Armen
Gevorkyan visited last Friday the Agarak copper-molybdenum plant in
the southern province of Syunik where he was told about the plant's
business investment projects, GeoProMining company's press office
said in a press release.
According to it, Gevorkyan visited the new building of the processing
plant, which is equipped with modern flotation machines. The
construction of the new building is expected to be over by the end of
the year. It is expected that as a result of the investment program
GeoProMining will hire about 40 new workers.
Gevorkyan was said to have praised the pace of modernization of the
combine-one of the largest industrial complexes in the south of the
country and stressed the importance of creating new jobs for the
further socio-economic development of Agarak town.
In 2009 the government provided the plant with a stabilization loan
as part of its anti-crisis measures to help it reduce the prime
cost of its products and improve their competitiveness. In 2010 the
plant began to work with profits and expects further improvement of
indicators in 2011-2012.
GeoProMining, founded in 2001, is an international privately owned
company with a diversified resource base of gold and other metals.
GeoProMining enterprises are located in Russia, Armenia and Georgia.
It acquired the Agarak copper-molybdenum plant in 2007 December.
From: Baghdasarian
/ARKA/
DECEMBER 6, 2011
YEREVAN
YEREVAN, December 6. /ARKA/. Armenian deputy prime minister Armen
Gevorkyan visited last Friday the Agarak copper-molybdenum plant in
the southern province of Syunik where he was told about the plant's
business investment projects, GeoProMining company's press office
said in a press release.
According to it, Gevorkyan visited the new building of the processing
plant, which is equipped with modern flotation machines. The
construction of the new building is expected to be over by the end of
the year. It is expected that as a result of the investment program
GeoProMining will hire about 40 new workers.
Gevorkyan was said to have praised the pace of modernization of the
combine-one of the largest industrial complexes in the south of the
country and stressed the importance of creating new jobs for the
further socio-economic development of Agarak town.
In 2009 the government provided the plant with a stabilization loan
as part of its anti-crisis measures to help it reduce the prime
cost of its products and improve their competitiveness. In 2010 the
plant began to work with profits and expects further improvement of
indicators in 2011-2012.
GeoProMining, founded in 2001, is an international privately owned
company with a diversified resource base of gold and other metals.
GeoProMining enterprises are located in Russia, Armenia and Georgia.
It acquired the Agarak copper-molybdenum plant in 2007 December.
From: Baghdasarian