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ARMENIAN PRESIDENT ATTENDS TEGHUT MINING COMPLEX COMMISSIONING
YEREVAN, December 22. /ARKA/. Armenia's president Serzh Sargsyan
headed to Lori region on a working visit to attend the commissioning
of Teghut mining complex on Saturday.
As part of his visit, the president has been to Tumanyan region to see
the overhaul works on 3.7-kilometer M-6 Teghut motor road and talked
with residents in Shnogh and Teghut villages. Sargsyan headed to Teghut
copper and molybdenum deposit operated by Vallex Group afterwards.
The president participated in the ceremony of commissioning of the
Teghut mining and concentration plant and talked to the staff of
the plant.
The president awarded the founder of Grand Holding Hrant Vardanyan
(posthumously), the chairman of the directors board of Zangezur cooper
and molybdenum combine Maxim Hakobyan and president of Vallex Group
Valery Mezhlumyan for their contribution to economic development in
the country.
Teghut mine is operated by "Teghut" cjsc, a Vallex Group company,
founded in 2006. Teghut deposit is the second biggest Armenian
copper and molybdenum field. A total of 450 million tons of copper
and molybdenum ore resources were confirmed during the geological
prospecting in 1972.
A total of 4,000 people are employed in companies of Vallex Group
in Armenia and Karabakh. The company developed a program to plants
forests on a total of 714 hectares to compensate for 357 hectares to
be deforested.
Vallex Group has been implementing social programs worth a total of
1.4 billion drams over the years of its existence.
The company's investments in 2001-2010 amounted to a total of 50
million dollars in 2001-2010 and are expected to amount to some 383.2
million dollars in 2010-2016. ($1-464.57 drams).--0--
http://arka.am/en/news/economy/armenian_president_attends_teghut_mining_complex_c ommissioning/#sthash.Odlywp79.dpuf
YEREVAN, December 22. /ARKA/. Armenia's president Serzh Sargsyan
headed to Lori region on a working visit to attend the commissioning
of Teghut mining complex on Saturday.
As part of his visit, the president has been to Tumanyan region to see
the overhaul works on 3.7-kilometer M-6 Teghut motor road and talked
with residents in Shnogh and Teghut villages. Sargsyan headed to Teghut
copper and molybdenum deposit operated by Vallex Group afterwards.
The president participated in the ceremony of commissioning of the
Teghut mining and concentration plant and talked to the staff of
the plant.
The president awarded the founder of Grand Holding Hrant Vardanyan
(posthumously), the chairman of the directors board of Zangezur cooper
and molybdenum combine Maxim Hakobyan and president of Vallex Group
Valery Mezhlumyan for their contribution to economic development in
the country.
Teghut mine is operated by "Teghut" cjsc, a Vallex Group company,
founded in 2006. Teghut deposit is the second biggest Armenian
copper and molybdenum field. A total of 450 million tons of copper
and molybdenum ore resources were confirmed during the geological
prospecting in 1972.
A total of 4,000 people are employed in companies of Vallex Group
in Armenia and Karabakh. The company developed a program to plants
forests on a total of 714 hectares to compensate for 357 hectares to
be deforested.
Vallex Group has been implementing social programs worth a total of
1.4 billion drams over the years of its existence.
The company's investments in 2001-2010 amounted to a total of 50
million dollars in 2001-2010 and are expected to amount to some 383.2
million dollars in 2010-2016. ($1-464.57 drams).--0--
http://arka.am/en/news/economy/armenian_president_attends_teghut_mining_complex_c ommissioning/#sthash.Odlywp79.dpuf