U.S. capital important for Armenia`s mining industry

ArmInfo. Armenia considers the participation of American capital in the country's mining industry  important, Armenia's Deputy Minister of Territorial Administration and Infrastructure Hovhannes Harutyunyan stated at a meeting with Mr Warren Wilson, Economic Unit Chief, U.S. Embassy in Armenia.

According to the press service of the Ministry, during the meeting  Harutyunyan emphasized the importance of the mining industry for the  further development of the country's economy and thanked the American  side for its readiness to cooperate in this area.

The Deputy Minister also pointed to possible cooperation with the  United States in the field of mining in order to exchange experience.

During the meeting, the need to strengthen mineral supply chains and  continuity of cooperation in the mining industry was emphasized.

Harutyunyan thanked the guest for the fruitful discussions and  expressed hope that keeping the issues discussed on the agenda will  become an additional incentive for closer cooperation in the mining  industry.

Earlier, ArmInfo, with reference to data from the RA Statistics  Committee, reported that in the mining industry and open pit  development in 2023. compared to 2022 the decline accelerated to 6.4%  (from 3.2% a year earlier), providing a volume of 463.2 billion  drams. In December last year alone, the mining sector achieved a  production volume of 35 billion drams with a monthly growth of 7.9%.