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METAL ORE PRODUCTION OUTPUT FELL 8.8 PERCENT IN ARMENIA IN NINE MONTHS
YEREVAN, November 18. /ARKA/. Metal ore production output dropped
by 8.8% to 132.2 billion drams in Armenia in January-September 2014,
according to the ministry of economy information.
The report says metal ore exports fell by 0.7% to 85.5 billion drams
in the period. There are currently 9 mining companies in the country
with staffs totaling 7,048 people.
Alkali metals production rose by 11.2% to 134.7 billion drams in
Armenia in the first nine months of this year; exports of these metals
hiked by 4.6% to 115.6bln drams in the period. Some 15 companies with
total staff of 4,306 people are engaged in the sector.
At the same time, a total of 143,500 tons of copper concentrate was
produced in the country in the reporting period (5.4% increase). Zinc
concentrate production totaled 10,400 tons (13.7% reduction).
The country manufactured 4,800 tons of ferromolybdenum (2.9% decrease),
12,900 tons of steel castings (16.8% increase), 21,700 tons of rolled
aluminum (6.2% increase) and gold alloys worth 25.7 billion drams
(6.8% increase) in the period.
The ministry of economy says the global nonferrous metal and gold
price variations have impact on domestic operations in the field that
is, in turn, reflected in Armenian companies' financial performance
indicators.
Industry accounted for 18.2% of Armenian GDP as of the end of the
second quarter. Ore production and surface mining was 2.8% of the
gross domestic product, according to the ministry of economy.
ArmStat reports industrial output amounted to 918.9 billion drams in
January-September, an increase of 1.7% compared to the same period
of 2013.
Processing industry output totaled over 599.2bln drams and accounted
for about 65.2% of this volume. Mining industry and development of
surface mines fell by 8.8% to 144.4 billion drams. Mining exports
were $288.6 million in the period, a reduction of 7.2% against
January-September 2013; imports were $587.4 million (4.1% decrease).
($1 - 415.7 drams). -0-
http://arka.am/en/news/economy/metal_ore_production_output_fell_8_8_percent_in_ar menia_in_nine_months/#sthash.kmS4ldXy.dpuf
YEREVAN, November 18. /ARKA/. Metal ore production output dropped
by 8.8% to 132.2 billion drams in Armenia in January-September 2014,
according to the ministry of economy information.
The report says metal ore exports fell by 0.7% to 85.5 billion drams
in the period. There are currently 9 mining companies in the country
with staffs totaling 7,048 people.
Alkali metals production rose by 11.2% to 134.7 billion drams in
Armenia in the first nine months of this year; exports of these metals
hiked by 4.6% to 115.6bln drams in the period. Some 15 companies with
total staff of 4,306 people are engaged in the sector.
At the same time, a total of 143,500 tons of copper concentrate was
produced in the country in the reporting period (5.4% increase). Zinc
concentrate production totaled 10,400 tons (13.7% reduction).
The country manufactured 4,800 tons of ferromolybdenum (2.9% decrease),
12,900 tons of steel castings (16.8% increase), 21,700 tons of rolled
aluminum (6.2% increase) and gold alloys worth 25.7 billion drams
(6.8% increase) in the period.
The ministry of economy says the global nonferrous metal and gold
price variations have impact on domestic operations in the field that
is, in turn, reflected in Armenian companies' financial performance
indicators.
Industry accounted for 18.2% of Armenian GDP as of the end of the
second quarter. Ore production and surface mining was 2.8% of the
gross domestic product, according to the ministry of economy.
ArmStat reports industrial output amounted to 918.9 billion drams in
January-September, an increase of 1.7% compared to the same period
of 2013.
Processing industry output totaled over 599.2bln drams and accounted
for about 65.2% of this volume. Mining industry and development of
surface mines fell by 8.8% to 144.4 billion drams. Mining exports
were $288.6 million in the period, a reduction of 7.2% against
January-September 2013; imports were $587.4 million (4.1% decrease).
($1 - 415.7 drams). -0-
http://arka.am/en/news/economy/metal_ore_production_output_fell_8_8_percent_in_ar menia_in_nine_months/#sthash.kmS4ldXy.dpuf