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Agarak Copper Molybdenum Combine CJSC Sold Nearly 7,000 Tons Of Copp

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  • Agarak Copper Molybdenum Combine CJSC Sold Nearly 7,000 Tons Of Copp

    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.
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