Friday, December 13 2019 20:11

Molybdenum enrichment plant was launched in Armenia`s Armavir on the  basis of the old glass factory

Molybdenum enrichment plant was launched in Armenia`s Armavir on the  basis of the old glass factory

ArmInfo.In the Armenian city of Armavir, instead of the old glass factory, processing and enrichment of molybdenum ore started. This was reported by the Hraparak newspaper, referring to complaints from residents who have recently felt an  unpleasant odor and the presence of smoke clouds over the territory  of the enterprise.

According to the newspaper, the owner of the enterprise is Ruben  Martirosyan, who had previously lived in the Czech Republic for many  years. Meanwhile, according to ArmInfo sources, Martirosyan is a  co-owner of the Czech company Dormet, which specializes in the sale  of ferroalloys and is actively interested in the procurement of  Armenian ferromolybdenum, and therefore Dormet decided to directly  engage in their production.

Martirosyan noted that already 70 people are working at the  enterprise acquired at the auction of the Judicial Acts Compulsory  Enforcement Service. The company operates completely legally and all  processes are documented. Having invested and refitted the  capacities, in 2012-2013 the enterprise initially worked on  copper-molybdenum raw materials imported from abroad, but only with  the availability of raw materials and therefore did not work stably.  After the restart of the Teghout copper-molybdenum deposit in the  north of Armenia, since November of this year, the plant signed a  one-year contract with the mine for the supply of raw materials and  the work stabilized.

At current capacities, the plant receives about 50 tons of products  per month and exports it mainly to Russia, but intends to export  ferromolybdenum to the countries of central Europe and primarily to  Germany, which accounts for the main market for Armenian  ferromolybdenum. With an increase in productivity at the Teghout  mine, Martirosyan hopes to increase production volumes. According to  him, in a couple of months the enterprise will become one of the  largest taxpayers in the country.

Martirosyan emphasized that the enterprise is environmentally  friendly, filters that clean emissions through a high factory pipe  are used.

It should be noted that in 2018 Armenia produced 7.275 tons of  ferromolybdenum with annual growth of 10.4%.

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Search by date

Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000

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