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Zangezursky mining facility becomes Armenia's biggest tax-payer

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  • Zangezursky mining facility becomes Armenia's biggest tax-payer

    VestnikKavkaza.net
    May 6 2011

    Zangezursky mining facility becomes Armenia's biggest tax-payer


    The Zangezursky copper and molybdenum plant is the biggest tax-payer
    in Armenia, according to the first quarter of 2011, News.am reports.

    The plant paid over $20 million, exceeding its tax payments in the
    same period of 2010 by a factor of 6.1. Success was achieved from
    higher prices for copper and molybdenum in 2010, at over $9000 per
    ton.

    Armrosgazprom is the second largest tax-payer with $19.8 million of
    payments in the first quarter of 2011. The company increased payments
    by 40%.




    From: A. Papazian
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