Tuesday, January 21 2020 12:13
Alexandr Avanesov

Prospects for building a new smelter discussed in Armenia

Prospects for building a new smelter discussed in Armenia

ArmInfo. At the Ministry of Territorial Administration and Infrastructure of the Republic of Armenia with the participation of Government structures and mining  companies held discussions on the processes of organizing the mining  industry, the prospects for the construction of a copper smelter.

The discussions were attended by the Deputy Minister of Territorial  Administration and Infrastructure of the Republic of Armenia Lilia  Shushanyan, heads of the Zangezur Copper-Molybdenum Combine, Vallex  Group, CJSC Teghut, Akhtalinsky and Agarak Copper- Molybdenum  Combine.

"The activities of the mining industry will continue to play an  important role in the development of the economy of the republic,  affecting the growth of gross domestic product. But there are risks  in this matter.  In order to build a metallurgical plant, it is  necessary to carry out deep and comprehensive research, develop  serious technical and economic justifications, and it is very  important that all this be done after a competent, preliminary study  and receipt of answers to all questions, "said the Deputy Minister,  quoted by the press service of the Ministry.

At the meeting, the format of the project and the participation of  public and private companies in it were discussed. It was decided  that the companies within two weeks will submit to the Ministry a  full range of issues and risks that they are considering, as well as  their position regarding their willingness to order further studies.

Earlier, ArmInfo reported that Chinese investors showed interest in  building a new, modern copper smelter in the Armenian city of  Alaverdi. 

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