The government exempted “ML Mining” of the head of the CSI staff from import duties.

In today’s session, the Armenian government approved the application submitted by “ML Mining” LLC to benefit from the privilege of exempting the imported technological equipment, their constituent and complementary parts, raw materials and materials from import duties within the framework of the investment project implemented in the priority sector.

The company will use the raw materials in the mining industry. An investment of 1 billion AMD was made, and another 2 billion AMD is planned to be invested before the end of the project (2021). During the project, it is planned to create about 30-50 jobs with an average salary of AMD 150,000.

Annual production volumes will amount to 200 million AMD, of which 175 million AMD will be sold in Armenia, and 25 million AMD will be exported to EAEU member countries.

It should be noted that the LLC belongs to Davit Sukiasyan, the head of the SIS staff.