AGARAK COPPER MOLYBDENUM COMBINE CJSC SOLD NEARLY 7,000 TONS OF COPPER CONCENTRATE AND 100 TONS OF MOLYBDENUM CONCENTRATE FOR Q1 2010
ArmInfo
2010-04-20 17:44:00
ArmInfo. Agarak Copper Molybdenum Combine (ACMC) CJSC sold nearly 7,000
tons of copper concentrate and 100 tons of molybdenum concentrate for
Q1 2010, the press-service of GeoProMining Group in Armenia reported.
The source reported that ACMC CJSC recovered and processed 741,660
tons and 762,720 tons of ore respectively for Q1 2010. Overburden
operations for the given period of time totaled 377.2 thousand cu m.
The company sold 6.938 tons of copper concentrate and 100 tons of
molybdenum concentrate for Q1 2010.
It was reported earlier that ACMC CJSC processed nearly 1.3 million
tons of ore for 6 months of 2009. In fact, nearly 248 tons of
molybdenum concentrate and 13,500 tons of copper concentrate were
manufactured in 2009. The company’s activity was suspended because
of unfavorable market prices for metals. The company reported that
from the beginning of 2009 up to June 30, ACMC conducted overburden
operations only. The plant resumed production on July 1 2009.
GeoProMining Group acquired the shares of Agarak Copper Molybdenum
Plant in Dec 2007.
GeoProMining is an international privately-owned diversified metals
resource holding company with a portfolio of quality exploration and
mining projects. The company was founded in 2001 and is focusing on
gold, silver, copper, silver, molybdenum, antimony and other metals.
GeoProMining current focus of exploration is mainly centered on
Georgia, Armenia, Russia, and Vietnam.