VestnikKavkaza.net
May 6 2011

Zangezursky mining facility becomes Armenia’s biggest tax-payer

The Zangezursky copper and molybdenum plant is the biggest tax-payer
in Armenia, according to the first quarter of 2011, News.am reports.

The plant paid over $20 million, exceeding its tax payments in the
same period of 2010 by a factor of 6.1. Success was achieved from
higher prices for copper and molybdenum in 2010, at over $9000 per
ton.

Armrosgazprom is the second largest tax-payer with $19.8 million of
payments in the first quarter of 2011. The company increased payments
by 40%.

From: A. Papazian