Tweet
TEGHUT CJSC TO RECEIVE 350 MILLION DANISH KRONES
by Arthur Yernjakyan
ARMINFO
Wednesday, August 21, 12:30
PensionDenmark Fund will provide 350 million Danish Krones to Teghut
CJSC for acquisition of manufacturing equipment, the company said in
a press release. The funds will be provided through the State Agency
of Demark.
The company highlights the positive results of the exploitation of the
cooper and molybdenum mines and construction of a mining-and-processing
works in Teghut in line with international standards. Before earmarking
the above funds, representatives of PensionDenmark Fund and the State
Agency of Denmark visited the areas of mining, monitored and studied
the related documents and action plans.
Teghut CJSC was founded on 22 May 2006 by Vallex Group. 100% of
its shares belong to Teghut Investments Ltd. (Cyprus), whose 100%
preferred shares are owned by the Armenian Copper Programme belonging
to Valery Mejlumyan. By its reserves, Teghut deposit holds the second
place in the republic after the Kajaran copper and molybdenum deposit
in Syunik. In 1991 the approved reserves amounted to 450 mln tons of
ore, including 1.6 mln tons of copper (with 0.355% content), and 99
thsd tons of molybdenum (with 0.022% content).
by Arthur Yernjakyan
ARMINFO
Wednesday, August 21, 12:30
PensionDenmark Fund will provide 350 million Danish Krones to Teghut
CJSC for acquisition of manufacturing equipment, the company said in
a press release. The funds will be provided through the State Agency
of Demark.
The company highlights the positive results of the exploitation of the
cooper and molybdenum mines and construction of a mining-and-processing
works in Teghut in line with international standards. Before earmarking
the above funds, representatives of PensionDenmark Fund and the State
Agency of Denmark visited the areas of mining, monitored and studied
the related documents and action plans.
Teghut CJSC was founded on 22 May 2006 by Vallex Group. 100% of
its shares belong to Teghut Investments Ltd. (Cyprus), whose 100%
preferred shares are owned by the Armenian Copper Programme belonging
to Valery Mejlumyan. By its reserves, Teghut deposit holds the second
place in the republic after the Kajaran copper and molybdenum deposit
in Syunik. In 1991 the approved reserves amounted to 450 mln tons of
ore, including 1.6 mln tons of copper (with 0.355% content), and 99
thsd tons of molybdenum (with 0.022% content).