Friday, May 25 2018 18:53
Alexandr Avanesov

Minister: Work on verification of all mining deposits in Armenia will begin in the very near future

Minister: Work on verification of all mining deposits in Armenia will  begin in the very near future

ArmInfo. Very soon work will  begin on the implementation of the decree of the Prime Minister of  the Republic of Armenia, Nikol Pashinyan, on the inspection at the  exploited mines and deposits in Armenia. The Minister of Energy  Infrastructures and Natural Resources of the Republic of Armenia  Artur Grigoryan told journalists on May 25.

According to him, the department has already received the order of  the Prime Minister, work on its implementation has begun. "All  research data will be published in a short time," the minister  stressed.  Earlier, RA Prime Minister instructed the authorities to  start inspections at the exploited mines and mineral deposits in  Armenia. He noted that recently there have been a lot of signals  about the compliance of these mines with the legislation and  environmental standards of the country. "We will be consistent in  this matter, recently, both in the whole world and in Armenia  environmental problems are actively discussed, and a balanced  approach is needed in this issue, as well as in a number of others,"  the prime minister said, stressing that only with this approach will  not manage to bring the matter to negative consequences, including  those related to investments.

Pashinyan also noted that recently he receives signals that some  developers of mines do not fulfill their financial obligations. "We  have information that the debts of these companies to the state  budget are several hundred million drams," Pashinyan said, adding  that the checks will be conducted on all metal fields.  According to  the prime minister, if it is established that a particular mine or  some company can not organize its activities within the framework of  the law, then the corresponding legal consequences will follow. "The  Armenian government also decided to invite environmental  organizations and journalists to take part in these inspections in  order to ensure their full transparency," concluded Pashinyan.

The sphere of mining industry occupies a special place in the  Armenian economy. At least half of Armenia's exported deposits fall  to the share of ore concentrates and metals, which occupy the most  important place in the list of products imported from the country. At  the state balance of mineral resources, more than 670 deposits of  solid minerals with confirmed reserves, including 30 metal deposits,  are currently registered. About 400 of these deposits are exploited,  including 22 metal ones. There are 7 copper-molybdenum deposits, 4  copper, 14 gold and gold-polymetallic deposits, 2 iron ore and 1  aluminum ore on metallic minerals. In the ore of the deposits  registered in the State Balance, in addition to the basic metals,  rare elements and their placers have been identified: rhenium,  selenium, tellurium, cadmium, indium, helium, waist, bismuth and  others.

Currently, for the mining and metallurgical complex of Armenia the  final products are mainly concentrates (copper, molybdenum, zinc, in  some cases - high in gold and silver, in the near future also lead  concentrate), which does not allow to fully exploit the economic  potential of the deposits. The organization of production for the  processing of minerals mined in Armenia in a closed and final cycle -  from extraction to the creation of finished products - will enable  production of high-value products, which can provide significant GDP  growth.

There are 15 tailing dumps on the territory of Armenia, where waste  accumulated during the exploitation of mineral deposits exceeding a  few million cubic meters and accumulating about 700 hectares has been  accumulated. Currently, industrial wastes accumulated in tailing  dumps formed as a result of industrial extraction and processing of  minerals are not used, although they contain a considerable amount of  polymetals.

The Republic of Armenia also occupies one of the leading places in  the world for the richness and diversity of nonmetallic ore reserves.  Almost all known ore minerals are found on the small territory of  Armenia.  Minerals originating in Armenia as a result of volcanic  processes, including light rocks such as tuffs, perlites, pumice,  zeolites, volcanic slags, etc., are of special value and importance.  Huge quantities of reserves of various types of basalt, granite,  nepheline syenite, marble. Reserves of the highest quality and the  most intumescent rocks (perlites, obsidians and others) are in the  world in Armenia. The confirmed reserves of the Aragats-perlite in  Armenia are 150 million m3, and the total amount of its projected  reserves is up to 3 billion m3. More than 100 basalt and andesite  deposits are mapped over the whole territory of Armenia, several of  which are unique in their composition (MgO content in basalta from  Khalaja reaches up to 11%). The deposits of quartzites, carbonates,  zeolites, volcanic slags, pumice, clay, bentonites, diatomites, and  gypsum with their significant reserves, which are functioning on the  territory of Armenia, are invaluable in their significance and  qualitative indicators. 

POST A COMMENT
Input digits     


News
Expert: When there is no trust between private and public sectors,  unfortunately, there is no need to talk about right decisionsExpert: When there is no trust between private and public sectors,  unfortunately, there is no need to talk about right decisions
Armenia introduces new rules for labeling carbonated, non-carbonated  watersArmenia introduces new rules for labeling carbonated, non-carbonated  waters
Arsen Bazikyan: Armenia`s agriculture is transforming into  agribusinessArsen Bazikyan: Armenia`s agriculture is transforming into  agribusiness
Armenia to join e-CMR protocolArmenia to join e-CMR protocol
Armenia`s government changes Kaps reservoir project funding Armenia`s government changes Kaps reservoir project funding 
Armenian FM, minister of economy of Saudi Arabia discuss development  of economic ties Armenian FM, minister of economy of Saudi Arabia discuss development  of economic ties 
IMF upgrades Armenia`s GDP growth forecast for 2024 from 5% to 6%,  expecting inflation at 3.1% and unemployment at 13%IMF upgrades Armenia`s GDP growth forecast for 2024 from 5% to 6%,  expecting inflation at 3.1% and unemployment at 13%
Armenia`s Deputy PM, Veolia Vice President discuss problems with  water supply to consumers Armenia`s Deputy PM, Veolia Vice President discuss problems with  water supply to consumers 
EEC Board decided to liberalize certain categories of precious  metals` import/exportEEC Board decided to liberalize certain categories of precious  metals` import/export
Earthquakes, drought could affect Armenia`s debt sustainability -  EFSDEarthquakes, drought could affect Armenia`s debt sustainability -  EFSD
Converse Bank starts initial placement of next AMD, USD bonds in  amount of AMD 5 billion, $10 millionConverse Bank starts initial placement of next AMD, USD bonds in  amount of AMD 5 billion, $10 million
USAID releases fact sheet following Joint EU-US-Armenia High Level  Meeting in Support of Armenia USAID releases fact sheet following Joint EU-US-Armenia High Level  Meeting in Support of Armenia 
Expert: Armenia has the potential to get high-quality and abundant  harvest of apricots this yearExpert: Armenia has the potential to get high-quality and abundant  harvest of apricots this year
EFSD presents assessment of potential impact of natural disasters on  debt sustainability of Armenia, Kyrgyzstan and TajikistanEFSD presents assessment of potential impact of natural disasters on  debt sustainability of Armenia, Kyrgyzstan and Tajikistan
Armenia is considering appointing attache in Silicon ValleyArmenia is considering appointing attache in Silicon Valley
Astana proposes joint investment programmes in Yerevan Astana proposes joint investment programmes in Yerevan 
Armenia, Kazakhstan have unrealized economic potential - premier Armenia, Kazakhstan have unrealized economic potential - premier 
Armenia, EU discuss expansion of economic cooperation Armenia, EU discuss expansion of economic cooperation 
Transavia airline starts operating route Lyon-Yerevan-LyonTransavia airline starts operating route Lyon-Yerevan-Lyon
EAEU and its economic principles should not be mixed with political  ambitions - Nikol PashinyanEAEU and its economic principles should not be mixed with political  ambitions - Nikol Pashinyan
Armenia, Australia to strengthen cooperation in high-tech field Armenia, Australia to strengthen cooperation in high-tech field 
Leasing EXPO -2024 officially opened in YerevanLeasing EXPO -2024 officially opened in Yerevan
Araratbank to double leasing portfolio by end of 2024Araratbank to double leasing portfolio by end of 2024
Armenian, Kazakh passenger and cargo carriers to be exempted from  road and environmental taxes on reciprocal basis Armenian, Kazakh passenger and cargo carriers to be exempted from  road and environmental taxes on reciprocal basis 
Economy Ministry jointly with Armenal, develop schemes to diversify  sales markets for enterprise`s productsEconomy Ministry jointly with Armenal, develop schemes to diversify  sales markets for enterprise`s products
Info about IT specialists leaving Armenia en masse has nothing to do  with reality - premierInfo about IT specialists leaving Armenia en masse has nothing to do  with reality - premier
WB improves Armenia`s   economic growth forecast for 2024 from 4.7%  to 5.5% WB improves Armenia`s   economic growth forecast for 2024 from 4.7%  to 5.5% 
Government is ready to share risks with agricultural insurersGovernment is ready to share risks with agricultural insurers
EIB to issue loan under energy efficiency programme to Armenia EIB to issue loan under energy efficiency programme to Armenia 
Deadline for filing personal income declarations in Armenia may be  extendedDeadline for filing personal income declarations in Armenia may be  extended
ADB intends to expand its areas of activity in ArmeniaADB intends to expand its areas of activity in Armenia
ADB forecasts 5.7% economic growth for Armenia in 2024ADB forecasts 5.7% economic growth for Armenia in 2024
Conversebank to present its Converse Leasing product at annual  Leasing ExpoConversebank to present its Converse Leasing product at annual  Leasing Expo
By rebranding, INGO Armenia IC begins new stage of developmentBy rebranding, INGO Armenia IC begins new stage of development
Some countries refusal to service Russian Mir bank cards against  common interests - Elvira NabiullinaSome countries refusal to service Russian Mir bank cards against  common interests - Elvira Nabiullina
USAID to invest additional $33mln in Armenia`s economy USAID to invest additional $33mln in Armenia`s economy 
Idplus Bonuses in Idram&IDBank ApplicationIdplus Bonuses in Idram&IDBank Application
Deputy PM: we are ready for any assistance to contribute cargo  aviation establishmentDeputy PM: we are ready for any assistance to contribute cargo  aviation establishment
Mkhitar Hayrapetyan on TV broadcasting agreement with RF: If our  proposals are not taken into account, we do not rule out possibility  of terminating agreement unilaterallyMkhitar Hayrapetyan on TV broadcasting agreement with RF: If our  proposals are not taken into account, we do not rule out possibility  of terminating agreement unilaterally
Armenia, Iran discuss organization of joint production in various  branches of economy Armenia, Iran discuss organization of joint production in various  branches of economy 
ADB ready to fund northern section of Sisian-Kajaran highway of  North-South transport corridor  ADB ready to fund northern section of Sisian-Kajaran highway of  North-South transport corridor  
Armenia`s Ministry of High-Tech Industry developing sectoral strategy Armenia`s Ministry of High-Tech Industry developing sectoral strategy 
Armenia`s footwear exports to Russia 11 times up Armenia`s footwear exports to Russia 11 times up 
EDB sets course for digital future of transportation at joint EEC and  ESCAP eventEDB sets course for digital future of transportation at joint EEC and  ESCAP event
Team`s Next Generation Networ is already available in AshtarakTeam`s Next Generation Networ is already available in Ashtarak
Kazakhstan`s potential exports to Armenia total $350mln - minister Kazakhstan`s potential exports to Armenia total $350mln - minister 
Armenia`s economy to face crisis if Moscow severs economic ties with  Yerevan - ex-premier Armenia`s economy to face crisis if Moscow severs economic ties with  Yerevan - ex-premier 
Acquisition of Ameriabank by BOGG PLC int`l financial group completedAcquisition of Ameriabank by BOGG PLC int`l financial group completed
Armenian service sector generated revenue of $1.2 billion in first  two monthsArmenian service sector generated revenue of $1.2 billion in first  two months
EEC: EAEU common electricity market is at high level of readinessEEC: EAEU common electricity market is at high level of readiness
Armenia`s metallurgical industry increased production volumes by 37%  in first 2 monthsArmenia`s metallurgical industry increased production volumes by 37%  in first 2 months
Idram and IDBank participated in the signing ceremony of the Declaration of Women`s Empowerment PrinciplesIdram and IDBank participated in the signing ceremony of the Declaration of Women`s Empowerment Principles
US supports building of strong transport corridor from Turkiye  to  Central AsiaUS supports building of strong transport corridor from Turkiye  to  Central Asia
EFSD contributes to modernization of Armenia`s irrigation systemEFSD contributes to modernization of Armenia`s irrigation system
ADB to issue EUR 60.09mln loan to Armenia for urban development  programmes ADB to issue EUR 60.09mln loan to Armenia for urban development  programmes 
EIB to issue EUR 25mln loan to Armenia for 2nd phase of energy  efficiency programme in Yerevan EIB to issue EUR 25mln loan to Armenia for 2nd phase of energy  efficiency programme in Yerevan 
Armenia`s clothing exports to Russia 1.5 times up Armenia`s clothing exports to Russia 1.5 times up 
Armenia needs alternative if leaves EAEU - expert Armenia needs alternative if leaves EAEU - expert 
Diagnosis from Prime Minister: Armenia`s irrigation system is deadDiagnosis from Prime Minister: Armenia`s irrigation system is dead
CECC business mission to visit Armenia  CECC business mission to visit Armenia  
Read more


Exchange rates
18.04.2024
RUB4.190.00
USD394.07-1.03
EUR420.750.36
GBP491.72-0.42
CAD286.470.33
JPY25.52-0.03
CNY54.44-0.14
CHF433.660.15