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BY 2015 VALLEX GROUP TO CONSIDERABLY INCREASE ORE MINING AND PROCESSING
arminfo
Tuesday, June 26, 22:36
Within the next four years Vallex Group, which is engaged in blister
copper production, is going to start ore mining in Armenia and
considerably increase the mining in Nagorno-Karabakh. In the meantime,
the copper-in-concentrate output will exceed 37 thsd tons per annum,
President of Vallex Group Valery Mejlumyan told journalists.
Vallex Group's program envisages increasing the ore mining and
processing to 8900 thsd tons in 2012. Ore mining will be increased
to 450 thsd tons in 2013, and to 2300 thsd tons in 2014. Mejlumyan
pointed out that the biggest mining output (7000 thsd tons) in 2015
will be ensured by Teghut CJSC established to develop the Teghut
copper-molybdenum deposit. The development of the deposit will be
launched in 2014.
One of the companies of Vallex Group - Base Metals CJSC - will extract
1900 thsd tons in Nagorno-Karabakh in 2015. Mejlumyan connects the
mining growth in Karabakh with the development of the new Kashen
copper-molybdenum deposit in Martakert region of Karabakh near
Tsaghkashen village. In 2014 it is envisaged to build a concentrating
plant near the deposit. The plant will have a capacity of 2 mln tons
of ore per annum. 1.75 mln tons of ore will be annually extracted
and processed. Copper content is 0.6% per ton.
The company says that in 2013 the concentrate production by Vallex
Group will total 14 thsd tons, in 2014 - 39 thsd tons, and in 2015
- 120 thsd tons. In 2015 the share of Teghut CJSC will be 82 thsd
tons of concentrate, the share of Base Metals - 38 thsd tons. In
2012 the production of copper concentrate will be 2.2 thsd tons,
in 2013 - 3 thsd tons, in 2014 - 11.3 thsd tons and in 2015 - 37.2
thsd tons. In the mean time, in 2015 Teghut CJSC will produce 26 thsd
tons of copper-in-concentrate, and Base Metals - 11.2 thsd tons.
He said that a satisfactory raw material base may be created in
Armenia in 3-4 years for the building of the copper plant. The idea
of this project was born in 2000 in the company. He also added
that the project on building of the copper plant in Armenia may be
economically justified only in case of productivity from 80 thsd tons
of cooper per year. "We shall produce about 37 thsd tons of copper in
2015, and if another 30 thsd tons of copper are produced in Armenia,
in that case we shall have such an amount of copper which has never
been produced over the years of independence of Armenia, and this
will be enough for the building of a copper-smelting complex", -
Mejlumyan said. He is confident that all the needed concentrate for
the copper-smelting plant should be mined in Armenia, as to import
raw material to Armenia and to produce something from it is very much
expensive and economically unprofitable.
He said that Europeans produce 1 mln tons of brass-ware per year and
purchase about 3.5 mln tons of copper concentrate or 850 thsd tons of
copper for their production. At present, "Valex" group of companies
has been producing and exporting blister copper without purification.
The share of pure copper in the blister copper is 99.2%, the rest is
gold and silver. Mejlumyan said that the blister copper exported by
the company is twofold expensive than the refined one because of the
share of gold and silver in it. He also added it is more simply to
sold blister copper than the brass-ware produced from it after deeper
processing, such as: copper wire, plate and cable. However, brass-ware
production creates added value, he said. In the copper plant building
project he did not rule out the possibility of setting up an alliance
with any world copper producer, for instance, the German "Aurubis"
or Zangezur copper and molybdenum plant which has been exploiting
the Kajaran copper and molybdenum deposit.
To note, more than a dozen of companies enter the "Valex" group,
among them: CJSC "ACP", CJSC "Base Metals", CJSC "Tekhut", CJSC
"Lernametalurgiai institute", "Valex Mining" Ltd and "Valex IT" Ltd.
arminfo
Tuesday, June 26, 22:36
Within the next four years Vallex Group, which is engaged in blister
copper production, is going to start ore mining in Armenia and
considerably increase the mining in Nagorno-Karabakh. In the meantime,
the copper-in-concentrate output will exceed 37 thsd tons per annum,
President of Vallex Group Valery Mejlumyan told journalists.
Vallex Group's program envisages increasing the ore mining and
processing to 8900 thsd tons in 2012. Ore mining will be increased
to 450 thsd tons in 2013, and to 2300 thsd tons in 2014. Mejlumyan
pointed out that the biggest mining output (7000 thsd tons) in 2015
will be ensured by Teghut CJSC established to develop the Teghut
copper-molybdenum deposit. The development of the deposit will be
launched in 2014.
One of the companies of Vallex Group - Base Metals CJSC - will extract
1900 thsd tons in Nagorno-Karabakh in 2015. Mejlumyan connects the
mining growth in Karabakh with the development of the new Kashen
copper-molybdenum deposit in Martakert region of Karabakh near
Tsaghkashen village. In 2014 it is envisaged to build a concentrating
plant near the deposit. The plant will have a capacity of 2 mln tons
of ore per annum. 1.75 mln tons of ore will be annually extracted
and processed. Copper content is 0.6% per ton.
The company says that in 2013 the concentrate production by Vallex
Group will total 14 thsd tons, in 2014 - 39 thsd tons, and in 2015
- 120 thsd tons. In 2015 the share of Teghut CJSC will be 82 thsd
tons of concentrate, the share of Base Metals - 38 thsd tons. In
2012 the production of copper concentrate will be 2.2 thsd tons,
in 2013 - 3 thsd tons, in 2014 - 11.3 thsd tons and in 2015 - 37.2
thsd tons. In the mean time, in 2015 Teghut CJSC will produce 26 thsd
tons of copper-in-concentrate, and Base Metals - 11.2 thsd tons.
He said that a satisfactory raw material base may be created in
Armenia in 3-4 years for the building of the copper plant. The idea
of this project was born in 2000 in the company. He also added
that the project on building of the copper plant in Armenia may be
economically justified only in case of productivity from 80 thsd tons
of cooper per year. "We shall produce about 37 thsd tons of copper in
2015, and if another 30 thsd tons of copper are produced in Armenia,
in that case we shall have such an amount of copper which has never
been produced over the years of independence of Armenia, and this
will be enough for the building of a copper-smelting complex", -
Mejlumyan said. He is confident that all the needed concentrate for
the copper-smelting plant should be mined in Armenia, as to import
raw material to Armenia and to produce something from it is very much
expensive and economically unprofitable.
He said that Europeans produce 1 mln tons of brass-ware per year and
purchase about 3.5 mln tons of copper concentrate or 850 thsd tons of
copper for their production. At present, "Valex" group of companies
has been producing and exporting blister copper without purification.
The share of pure copper in the blister copper is 99.2%, the rest is
gold and silver. Mejlumyan said that the blister copper exported by
the company is twofold expensive than the refined one because of the
share of gold and silver in it. He also added it is more simply to
sold blister copper than the brass-ware produced from it after deeper
processing, such as: copper wire, plate and cable. However, brass-ware
production creates added value, he said. In the copper plant building
project he did not rule out the possibility of setting up an alliance
with any world copper producer, for instance, the German "Aurubis"
or Zangezur copper and molybdenum plant which has been exploiting
the Kajaran copper and molybdenum deposit.
To note, more than a dozen of companies enter the "Valex" group,
among them: CJSC "ACP", CJSC "Base Metals", CJSC "Tekhut", CJSC
"Lernametalurgiai institute", "Valex Mining" Ltd and "Valex IT" Ltd.