GPM GOLD WILL INCREASE ANNUAL ORE SUPPLY TO ARARAT PROCESSING PLANT TO 1,5 -2 MILLION TONS
PanARMENIAN.Net
03.11.2009 22:10 GMT+04:00
/PanARMENIAN.Net/ GPM Gold opened negotiations with Armenian railways
concessionary, South Caucasian Railways company, to increase ore
transportation volumes to Ararat processing plant. Through additional
SCRW investments, GPM Gold will increase annual ore supply to Ararat
processing plant to 1,5 -2 million tons.
To increase processing and extraction volumes, GPM Gold is developing
a new investment program for Ararat processing plant re-equipment. As
a result, the plant’s production capacity will grow to reach 80-100
gold ounces a year.
1 Trojan ounce equals 31,1034768 grams.