ARMENIA’S ACP UPS COPPER PRODUCTION NEARLY 7% IN Q1
Interfax
April 6 2009
Russia
Armenian metals company Armenia Copper Programme (ACP) increased
refined copper production 6.8% year- on-year in the first quarter of
2009 to 1,778 tonnes, the company’s PR department told Interfax.
ACP produced 433 tonnes of copper in January, 653 tonnes in February
and 692 tonnes in March.
The company said output had increased partly because ACP processed
more concentrate supplied by the Zangezur copper-Molybdenum Plant
with higher Cu content. It processed a total of 10,004 tonnes of
concentrate, compared with 11,212 tonnes in the first quarter of
last year.
ACO cut refined copper production 6.8% in 2008 to 6,480 tonnes.
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.