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Yerevan Pure Iron Plant Plans To Process 6,500 Tons Of Molybdenum Co

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  • Yerevan Pure Iron Plant Plans To Process 6,500 Tons Of Molybdenum Co

    YEREVAN PURE IRON PLANT PLANS TO PROCESS 6,500 TONS OF MOLYBDENUM CONCENTRATE THIS YEAR

    YEREVAN, February 8. /ARKA/. The Yerevan Pure Iron Plant plans to
    process 6,500 tons of molybdenum concentrate this year, Armenian
    Prime Minister Tigran Sargsyan's press office reported today after
    the premier visited the plant.

    "The plant is also planning to produce 3,200 tons of ferromolybdenum
    and 750 tons of molybdenum," the press release says.

    The company's administration told Sargsyan that the plant's industrial
    capacity has grown six times over a period between 1996 and 2013
    thanks to introduction of new technologies and up-to-date equipment
    and it is planned to built up it also in 2013 and 2014.

    The Yerevan Pure Iron Plant exports its entire output. It has 600
    employees whose average salary is 220,000 drams.

    The plant established in 1970 once recycled metal wastes. The plant
    had no more than 300 employees in the Soviet epoch.

    In 1995, the plant was privatized. In 1996, it started processing
    molybdenum concentrate and produce ferromolybdenum. ($1 - AMD 406.10)
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