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ARMENIA CAN ANNUALLY PRODUCE 80,000 TONS OF COPPER - VALLEX GROUP
news.am
February 17, 2012 | 15:45
YEREVAN.- Armenia has a capability to produce 80,000 tons of copper
annually, said President of Vallex Group Valeriy Mezhlumyan.
The group is currently producing blister copper and exports it to
Europe. However, it is difficult to reach Europe's production volume.
"We plan to produce for instance 100 tons of copper a year, while the
European companies create additional processing capacity for 300-400
tons. So, in order to be competitive in this area, we can only rely
on Armenian concentrates and the Georgian ones," he said.
According to him, in the next 4 years the company intends to increase
the volume of copper production. Georgia presently produces 15
thousand tons of copper concentrate, while Armenia - about 30 thousand
tons. Moreover, in four years Vallex group plans to produce 30-40,000
tons of copper.
"In general, Armenia's capacity can be estimated at 80 thousand tons
per year," he emphasized.
In his turn, Vice-President of Vallex Group Gagik Arzumanyan noted
that modernization of the company's production will be more effective
if sulfuric acid is obtained as a byproduct.
Vallex Group is Armenia-based group of companies including several
mining enterprises.
news.am
February 17, 2012 | 15:45
YEREVAN.- Armenia has a capability to produce 80,000 tons of copper
annually, said President of Vallex Group Valeriy Mezhlumyan.
The group is currently producing blister copper and exports it to
Europe. However, it is difficult to reach Europe's production volume.
"We plan to produce for instance 100 tons of copper a year, while the
European companies create additional processing capacity for 300-400
tons. So, in order to be competitive in this area, we can only rely
on Armenian concentrates and the Georgian ones," he said.
According to him, in the next 4 years the company intends to increase
the volume of copper production. Georgia presently produces 15
thousand tons of copper concentrate, while Armenia - about 30 thousand
tons. Moreover, in four years Vallex group plans to produce 30-40,000
tons of copper.
"In general, Armenia's capacity can be estimated at 80 thousand tons
per year," he emphasized.
In his turn, Vice-President of Vallex Group Gagik Arzumanyan noted
that modernization of the company's production will be more effective
if sulfuric acid is obtained as a byproduct.
Vallex Group is Armenia-based group of companies including several
mining enterprises.