Interfax, Russia
April 30 2009

Armenia boosts ferromolybdenum output 12.5% in Q1

YEREVAN April 30

Armenia increased ferromolybdenum production 12.5% to 1,426 tonnes in
January-March 2009 compared to the same period of 2008, the National
Statistics Service said.

Molybdenum concentrate rose 1.9% to 2,087 tonnes in the period,
converter copper – 7.4% to 1,778 tonnes, copper concentrate – 4.4% to
15,544 tonnes and aluminum foil – 31.3% to 4,058 tonnes.

While increasing production by volume, Armenian mining and metals
plants have seen a decline in earnings due to a reduction in ferrous
metals prices.