ARMENIA’S METALLIC MINERAL RESERVES ESTIMATED TO COST $4.138 TRILLION
YEREVAN, August 9. / ARKA /. Armenia’s metallic mineral reserves
are estimated now to cost about $4.138 trillion , Hrachia Avakian,
a leading specialist from the Institute of Economics of the National
Academy of Sciences, said to a news conference today.
According to him, Armenia is one of the richest nations in terms of
metal ore deposits. He said there are seven proven copper-molybdenum
deposits, the Kajaran deposit in the southern province of Syunik being
one of the largest in the world. He said copper and molybdenum deposits
contain 6.2 billion tons of metals, estimated to cost about $1.040
billion “Armenia has also five explored deposits of copper-pyrite
ores in Kapan, Alaverdi, Shamlugh, Lichk and Ankadzor, which contain
over 935,600 tons of copper worth $11.42 billion.
As for iron ore, he said they are not being developed. He said also
six largest fields may contain $2.6 billion worth metals. -0-
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From: Baghdasarian
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