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GOVERNMENT OF ARMENIA IS READY TO SUPPORT CONSTRUCTION OF A COPPER PLANT IN ARMENIA
arminfo
Tuesday, December 4, 18:06
The construction of a copper plant in Armenia amid the current copper
concentrate extraction is inexpedient, Armenian Finance Minister
Vache Gabrielyan said in Parliament on Tuesday.
"It will be reasonable to speak of construction of a copper plant when
sufficient output is ensured in Teghut", said the minister. He added
that the Government is ready to discuss and support this project if
such proposals are received from economic entities.
Earlier President of Vallex Group Valery Mejlumyan told journalists
that Armenian Copper Programme CJSC will attract $350 mln for the
project of construction of a mining and refining plant in Teghut
and development of the Teghut copper-molybdenum deposit. The company
has already invested over $100 mln in the construction and the other
250 mln USD will be used within the next two years. Afterwards the
copper production from copper concentrate will be launched, and the
output will be more than $200 mln per annum. In 2014 it is planned to
produce 11.3 thsd tons of copper-in-concentrate, and in 2015 Ð~H®¤г
- 37.2 thsd tons.
From: A. Papazian
arminfo
Tuesday, December 4, 18:06
The construction of a copper plant in Armenia amid the current copper
concentrate extraction is inexpedient, Armenian Finance Minister
Vache Gabrielyan said in Parliament on Tuesday.
"It will be reasonable to speak of construction of a copper plant when
sufficient output is ensured in Teghut", said the minister. He added
that the Government is ready to discuss and support this project if
such proposals are received from economic entities.
Earlier President of Vallex Group Valery Mejlumyan told journalists
that Armenian Copper Programme CJSC will attract $350 mln for the
project of construction of a mining and refining plant in Teghut
and development of the Teghut copper-molybdenum deposit. The company
has already invested over $100 mln in the construction and the other
250 mln USD will be used within the next two years. Afterwards the
copper production from copper concentrate will be launched, and the
output will be more than $200 mln per annum. In 2014 it is planned to
produce 11.3 thsd tons of copper-in-concentrate, and in 2015 Ð~H®¤г
- 37.2 thsd tons.
From: A. Papazian