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ARMENIA BUYS ITS OWN PROPERTY EXPENSIVELY
Armenia does not receive the profit from its own mines. In addition,
it buys its own property from itself.
Copper, gold and molybdenum extraction is growing, which means that
Armenia is conducting a policy of emptying mines. Evidence is state
statistics on extraction of solid minerals in 2005-2011. Few of
these minerals are used in Armenia. They are exported to be resold
to Armenia later.
Mostly non-metal minerals are used in Armenia, such as gravel,
perlite, basalt, granite which are used in building, salt which is
used to clean roads from ice in winter. Lime and earth are used in
the production of cement, says Ruben Movsesyan, the chair of Mineral
Exploration and Study at the Department of Geography and Geology of
Yerevan State University.
According to him, some minerals are extracted for export only, such
as tellurium.
By the way, copper and molybdenum can come with gold, tellurium,
selenium, cadmium, bismuth or other solid minerals. It is not known
what the factories do with these minerals. It is possible that they
extract these minerals.
Movsesyan says copper could be used in Armenia to produce cables
which are now imported.
According to the Customs Service, in 2011-2012 118,332.5 tons of
copper ore and concentrate at a total value of 260,552,500 dollars
was exported. In 2012, the amount is not mentioned but the value is
227,579,700 dollars.
In the meantime, Armenia imports a wide array of products which
contain copper. According to the Customs Service, in 2011 276,087.6
tons of products containing copper at a value of 3,195,900 dollars
was imported to Armenia, in 2012 249,737.4 tons of products containing
copper at a value of 3,040,900 thousand dollars was imported.
The same analysis could be made for other solid minerals of high
value which are imported in large amounts and return to Armenia in
imported products.
Karine Ionesyan 11:55 05/04/2013 Story from Lragir.am News:
http://www.lragir.am/index.php/eng/0/economy/view/29517
Armenia does not receive the profit from its own mines. In addition,
it buys its own property from itself.
Copper, gold and molybdenum extraction is growing, which means that
Armenia is conducting a policy of emptying mines. Evidence is state
statistics on extraction of solid minerals in 2005-2011. Few of
these minerals are used in Armenia. They are exported to be resold
to Armenia later.
Mostly non-metal minerals are used in Armenia, such as gravel,
perlite, basalt, granite which are used in building, salt which is
used to clean roads from ice in winter. Lime and earth are used in
the production of cement, says Ruben Movsesyan, the chair of Mineral
Exploration and Study at the Department of Geography and Geology of
Yerevan State University.
According to him, some minerals are extracted for export only, such
as tellurium.
By the way, copper and molybdenum can come with gold, tellurium,
selenium, cadmium, bismuth or other solid minerals. It is not known
what the factories do with these minerals. It is possible that they
extract these minerals.
Movsesyan says copper could be used in Armenia to produce cables
which are now imported.
According to the Customs Service, in 2011-2012 118,332.5 tons of
copper ore and concentrate at a total value of 260,552,500 dollars
was exported. In 2012, the amount is not mentioned but the value is
227,579,700 dollars.
In the meantime, Armenia imports a wide array of products which
contain copper. According to the Customs Service, in 2011 276,087.6
tons of products containing copper at a value of 3,195,900 dollars
was imported to Armenia, in 2012 249,737.4 tons of products containing
copper at a value of 3,040,900 thousand dollars was imported.
The same analysis could be made for other solid minerals of high
value which are imported in large amounts and return to Armenia in
imported products.
Karine Ionesyan 11:55 05/04/2013 Story from Lragir.am News:
http://www.lragir.am/index.php/eng/0/economy/view/29517