Armenia’s Agarak Copper and Molybdenum Combine Steps Up Output

RIA OREANDA
Economic News
December 31, 2004 Friday
Armenia’s Agarak Copper and Molybdenum Combine Steps Up Output
Agarak. OREANDA/RUSMET.RU Beginning with January 1, 2005, Armenias
Agarak Copper and Molybdenum Combine will begin increasing its ore
production volumes to 3 million tons per year, enough to produce
700,000 tons of molybdenum concentrate and 6,000 tons of copper
concentrate.
The American company Comsup Industries Ltd, which owns a 100% stake
in the combine, has already invested $3 million in the combine under
its agreement with the Armenian government. It has yet to invest
$500,000 in the modernization project. According to combine director
Mais Khachatrian, all of this money has been directed to reequip the
production facilities.
From: Emil Lazarian | Ararat NewsPress

Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

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Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS