AGARAK COPPER-MOLYBDENUM COMBINE REACHES A 3.5 MILLION TONS OF ORE PROCESSING CAPACITY
YEREVAN, November 8. / ARKA /. GeoProMining Gold (GPM Gold), a
Russian-controlled company, said it has completely upgraded one of
its two assets in Armenia- the Agarak Copper-Molybdenum Combine- which
it added has reached a 3.5 million tons of ore processing capacity a
year. According to a company press release, the modernization started
in 2009 and ended this year.
Armenian energy and natural resources minister Armen Movsisyan and
his Iranian counterpart, Majid Namjou, who attended today the ground
breaking ceremony for launch of construction of a hydraulic power
plant in Meghri, visited today the Agarak Combine to see some of its
modernized sections.
According to the press release, introduction of recycling water system
in the plant will prevent waste water from damaging the environment,
including transboundary river Arax.. The system will also significantly
reduce the amount of water used in production. The project budget was $
4.5 million.
GeoProMining was founded in 2001. In Armenia it owns two assets –
the Agarak Copper-Molybdenum Combine and GPMGold, developing the Sotk
gold mine and running Ararat gold recovery factory. -0-
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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