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SOME $200 MILLION TO BE INVESTED IN TAILINGS PROCESSING PROJECT IN ARMENIA
YEREVAN, October 16. / ARKA /. The Armenian government and several
privately-owned companies will invest about $200 million in a metallic
mines tailings processing project, a deputy minister of energy and
natural resources Levon Shahverdyan told a Cabinet session.
These companies are Cronimet Mining, the Zangezur copper and molybdenum
combine, VSEL group of companies and Aletig LLC. A relating memorandum
of intention was approved today by the Cabinet.
According to the deputy minister, under the memorandum the government
and the companies are to implement a productive and deep processing
of tailings and dumps rocks accumulated during the extraction of
metallic minerals.
Levon Shahverdyan said a new technology will be used to process the
tailings securing 98% wastes treatment purity.
The deputy minister said also a working group will be set up until
December to conduct an assessment of the project and also look into
a possible legislation adjustment. It will be given two months to
prepare and submit to the government a business plan. The deputy
minister said this project would create about 1,800 new jobs.
According to the National Statistical Service, Armenia's mining
industry in January-August amounted to 127.9 billion drams, an 11
percent down year-on-year.-0-
http://arka.am/en/news/business/some_200_million_to_be_invested_in_tailings_proces sing_project_in_armenia/#sthash.efKGgaJh.dpuf
YEREVAN, October 16. / ARKA /. The Armenian government and several
privately-owned companies will invest about $200 million in a metallic
mines tailings processing project, a deputy minister of energy and
natural resources Levon Shahverdyan told a Cabinet session.
These companies are Cronimet Mining, the Zangezur copper and molybdenum
combine, VSEL group of companies and Aletig LLC. A relating memorandum
of intention was approved today by the Cabinet.
According to the deputy minister, under the memorandum the government
and the companies are to implement a productive and deep processing
of tailings and dumps rocks accumulated during the extraction of
metallic minerals.
Levon Shahverdyan said a new technology will be used to process the
tailings securing 98% wastes treatment purity.
The deputy minister said also a working group will be set up until
December to conduct an assessment of the project and also look into
a possible legislation adjustment. It will be given two months to
prepare and submit to the government a business plan. The deputy
minister said this project would create about 1,800 new jobs.
According to the National Statistical Service, Armenia's mining
industry in January-August amounted to 127.9 billion drams, an 11
percent down year-on-year.-0-
http://arka.am/en/news/business/some_200_million_to_be_invested_in_tailings_proces sing_project_in_armenia/#sthash.efKGgaJh.dpuf