ArmInfo. Deputy Minister of Territorial Administration and Infrastructure of Armenia Hovhannes Harutyunyan visited Agarak Copper Molybdenum Combine CJSC.
As stated on the official website of the Ministry, the deputy head of the department got acquainted with the production process and the state of the tailings. The Deputy Minister was also presented with a closed water circulation system, which was introduced in the summer of 2021.
According to the source, such a system virtually eliminates the negative impact on the environment, including the flow of technical water into the Araks River.
It should be noted that the Agarak Copper-Molybdenum Combine (ACMC )is included in the asset portfolio of the GeoProMining diversified international group of mining companies. The plant is located in the south of Armenia, on the border with Iran, and is the largest industrial facility in the Meghri region. Since 2007, the Company has invested more than $90 million in the development and modernization of ACMC. At present, 1040 people work at the Agarak plant. From 2008 to 2021, the "Agarak Copper-Molybdenum Combine" CJSC paid taxes and fees in the amount of $146 million to the state budget of the Republic of Armenia, including VAT payments. As a result of its activities, GeoProMining, according to official data, has invested more than $400 million in the Armenian economy over a 15-year period.
