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ARMENIAN COPPER PROGRAMME REDUCES BLISTER OUTPUT 11% IN 2006
CJSC Armenian Copper Progamme (ACP)
Interfax News Agency
Russia & CIS Business and Financial Newswire
January 16, 2007 Tuesday
reduced blister copper production 10.8% in 2006 to 8,818 tonnes,
Gagik Arzumanian, the company's director, told Interfax.
Arzumanian said production fell due to equipment wear at ACP's existing
roasting furnace and that the company aimed to buy a new furnace, with
the same capacity for 140 tonnes of concentrate per day, in February.
ACP processed 48,224 tonnes of concentrate in 2006, down from 52,505
tonnes in 2005, Arzumanian said. ACP has been buying concentrate
from the Zangezur Copper-Molybdenum Plant and the affiliated
LLC Base Metals, which operates the Drmbon copper-gold field in
Nagorno-Karabakh, since the beginning of 2006.
The Liechtenstein-registered Vallex F.M. Establishment owns 81%
of ACP and the Russian businessman Valery Medzhlumian owns 19%.
CJSC Armenian Copper Progamme (ACP)
Interfax News Agency
Russia & CIS Business and Financial Newswire
January 16, 2007 Tuesday
reduced blister copper production 10.8% in 2006 to 8,818 tonnes,
Gagik Arzumanian, the company's director, told Interfax.
Arzumanian said production fell due to equipment wear at ACP's existing
roasting furnace and that the company aimed to buy a new furnace, with
the same capacity for 140 tonnes of concentrate per day, in February.
ACP processed 48,224 tonnes of concentrate in 2006, down from 52,505
tonnes in 2005, Arzumanian said. ACP has been buying concentrate
from the Zangezur Copper-Molybdenum Plant and the affiliated
LLC Base Metals, which operates the Drmbon copper-gold field in
Nagorno-Karabakh, since the beginning of 2006.
The Liechtenstein-registered Vallex F.M. Establishment owns 81%
of ACP and the Russian businessman Valery Medzhlumian owns 19%.