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Armenian Copper Programme Cuts Production Of Unrefined Copper 9% For

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  • Armenian Copper Programme Cuts Production Of Unrefined Copper 9% For

    ARMENIAN COPPER PROGRAMME CUTS PRODUCTION OF UNREFINED COPPER 9% FOR 2014

    by Arthur Yernjakyan

    Wednesday, February 4, 13:20

    Armenian Copper Programme (ACP) cut production of unrefined copper
    9% in 2014 to 9,802 tons versus 10,771 tons for in 2013, the ACP
    press-service told ArmInfo.

    ACP processed 44,031 dry metric tons of copper concentrate for 2014
    versus 49,185 tons for 2013.

    The company explains the production decline with the cut off
    in supplies of concentrate and higher content of metal in the
    concentrate. The company is supplied with concentrate from the
    affiliated company, Base metals CJSC in Nagorno-Karabakh Republic and
    Zangezour copper and molybdenum combine CJSC (south of Armenia). The
    copper content in the latter's concentrate is higher. The production
    is exported to Europe.

    To recall, in 2012 ACP raised production of unrefined copper 13.1%
    to 10,075 tons versus 8.877 tons in 2011. 100% of ACP cjsc's shares
    belong to Valery Mejlumyan, a citizen of Russia.

    http://www.arminfo.am/index.cfm?objectid=7F0231E0-AC57-11E4-BE350EB7C0D21663




    From: A. Papazian
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