AGARAK COPPER-MOLYBDENUM COMBINE SOLD 7THOUS. T OF COPPER AND MOLYBDENUM CONCENTRATES IN 2010

PanARMENIAN.Net
April 19, 2010 – 18:28 AMT 13:28 GMT

During the first quarter of 2010, Agarak copper-molybdenum combine
CJSC sold 7thous. t of copper and 100t of molybdenum concentrates.

Agarak copper-molybdenum complex (ACMC) CJSC mined 741,660t and
processed 762,720t of ore during the same period, the press service
of GeoProMining Group in Armenia reported.

According to the source, overburden operations totaled 377.2 cubic
meters, meanwhile the company sold 6.938t of copper and 100t of
molybdenum concentrates during the reported period.

ACMC CJSC processed around 1.3mln t of ore during six months of 2009.

As a result of it, around 248t of molybdenum concentrate and 13,500t
of copper concentrate were produced in 2009.

GeoProMining Group international company acquired the shares of Agarak
Copper Molybdenum Combine in December 2007. GeoProMining deals with
mining and processing of polymetallic ores and precious metals. The
company’s deposits and combines are located in Armenia, Georgia,
Russia and Vietnam.