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EXPERT PROPOSES TO BUILD $1.5-BILLION CHEMICAL AND ORE-SMELTING PLANT IN ARMENIA
YEREVAN, November 28. /ARKA/. Armenia's Union of Domestic Producers
intends to submit a proposal to the government of construction of a
chemical and metallurgical plant in Syunik province for recycling
mining industry's wastes, Vazgen Safaryan, chairman of the union,
said Wednesday at a news conference.
In his words, the construction of the plant is estimated to cost
about $1.5 billion.
Safaryan stressed that within two or three years the plant will get
back the money invested in construction and earn $2 billion in profits.
"It would be possible to recycle 1.5 billion tons of ore wastes from
tailing dump, and may be possible to extract additional 170 tons of
selenium, 3.6 tons of gold, 140 tons of silver, iron and other metals
and chemicals from them," he said.
Safaryan said that it would be possible to export final products
to China, for example, where such products are demanded. He said
the plant will be able to export three to four tons of iron to this
country every year.
He added, however, that these investments will be justified only
if Iran-Armenia railway is constructed and in the event of the
government's participation in this project.
Safaryan said that the plant will be able to employ 12,000 people.
According to the National Statistical Service, metallic minerals
worth AMD 140 billion have been mined in Armenia for three quarters
of this year - 16.2% year-on-year growth.
Non precious metals and articles of them worth $253.7 million were
exported in Jan-Sept 2012.
Three ore mining and processing plants - Zangezur Copper Molybdenum
Combine (Kajaran), Kapan Ore-dressing Plant and Agarak Copper
Molybdenum Plant - operate in Syunik province now. -0-
YEREVAN, November 28. /ARKA/. Armenia's Union of Domestic Producers
intends to submit a proposal to the government of construction of a
chemical and metallurgical plant in Syunik province for recycling
mining industry's wastes, Vazgen Safaryan, chairman of the union,
said Wednesday at a news conference.
In his words, the construction of the plant is estimated to cost
about $1.5 billion.
Safaryan stressed that within two or three years the plant will get
back the money invested in construction and earn $2 billion in profits.
"It would be possible to recycle 1.5 billion tons of ore wastes from
tailing dump, and may be possible to extract additional 170 tons of
selenium, 3.6 tons of gold, 140 tons of silver, iron and other metals
and chemicals from them," he said.
Safaryan said that it would be possible to export final products
to China, for example, where such products are demanded. He said
the plant will be able to export three to four tons of iron to this
country every year.
He added, however, that these investments will be justified only
if Iran-Armenia railway is constructed and in the event of the
government's participation in this project.
Safaryan said that the plant will be able to employ 12,000 people.
According to the National Statistical Service, metallic minerals
worth AMD 140 billion have been mined in Armenia for three quarters
of this year - 16.2% year-on-year growth.
Non precious metals and articles of them worth $253.7 million were
exported in Jan-Sept 2012.
Three ore mining and processing plants - Zangezur Copper Molybdenum
Combine (Kajaran), Kapan Ore-dressing Plant and Agarak Copper
Molybdenum Plant - operate in Syunik province now. -0-