ARMENIA’S ACP CUTS COPPER PRODUCTION 6.8% IN 2008

Interfax
Jan 20 2009
Russia

Armenian metals company Armenia Copper Programme (ACP) reduced
unrefined copper production 6.8% in 2008 compared with 2007 to 6,480
tonnes, the company’s PR department told Interfax.

Copper sales fell 13.6% to 6,251 tonnes.

All the copper was exported to Europe.

ACP processed 34,258 tonnes of copper concentrate in 2008, down from
39,230 tonnes in 2007.

The Liechtenstein-registered Vallex F.M. Establishment owns 81%
and Russia-based businessman Valery Mejlumian owns 19% of ACP.