ARMENIAN MOLYBDENUM PRODUCTION BOOSTS FERROMOLYBDENUM MANUFACTURE
arminfo
2007-07-20 13:07:00
Armenian Molybdenum Production (AMP) metallurgical company raised
the production of ferromolybdenum by 33% to 16,848.3 million over
the first half of 2007 as compared to the same period of 2006, AMP
Director Karen Karapetyan told ArmInfo.
He said that in the first half of 2007, 1,392 tons of ferromolybdenum
were manufactured i.e. by 29% more than in the first half of
2006. Moreover, the company received and processed 1.850 tons of
molybdenum concentrate from local Zangezour and Agari copper and
molybdenum plants. The company received 278 tons of concentrate from
foreign vendors to produce ferromolybdenum. AMP Director said that
since the beginning of 2007, AMP activated a new shop floor for
processing of rhenium salts in terms of kalium perrhenate, which
is used for manufacture of final product – ammonium perrhenate. In
the first half of 2007, the company manufactured already 80 kg of
ammonium perrhenate.
K. Karapetyan also added that the medium-term manpower totaled 336
people in the first half of 2007, the average salary being 140,520
drams ($420). Over the period under review, the company transferred
431.8 million drams to the state budget of Armenia, including 203.4
million drams using the method of netting VAT. Social security
contribution totaled 48.6 million drams.
Armenian Molybdenum Production was founded in 2003 in the outskirts
of Yerevan. The company started stable operation in 2004. The capacity
of the company is 5,000 tons of ferromolybdenum yearly.