ARMENIAN COPPER PROGRAMME REDUCED PRODUCTION OF UNPURIFIED COPPER IN 2008 BY 6,9%

ArmInfo
2009-01-20 17:28:00

ArmInfo. The Armenian Metallurgical Company Armenian Copper Programme
(ACP) reduced production of unpurified copper in 2008 by 6,9% to
6480 tons against 6954 tons in 2007, ACP Department of Information
and Public Relations told ArmInfo.

According to the source data, 6251 tons of copper were realized over
the reporting period against 7239 tons in 2007. The whole copper
produced in the company is exported to Europe. ACP processed 34258
tons of copper concentrate over the reported period against 39230 tons
over the previous year. According to the Company, the global economic
crisis did not essentially affect the copper-melting activity of ACP.

To recall, 81% shares of Armenian Copper Programme CJSC belong to
Vallex F.M. company, registered in Liechtenstein and 19% shares –
to the Russian citizen Valery Mejlumyan.