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Armenian Gold Exports Down Slightly In 2012

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  • Armenian Gold Exports Down Slightly In 2012

    ARMENIAN GOLD EXPORTS DOWN SLIGHTLY IN 2012

    Interfax, Russia
    Feb 11 2013

    Armenia's gold exports edged down 0.4% to 2,329.8 kilograms last
    year, including galvanic coating, the country's National Statistics
    Service reported.

    The customs value of the exported gold was up 15% from $67.3 million in
    2011 to $77.5% last year, which Economy Ministry specialists attribute
    to rising prices for the metal. Armenia exports Dore gold bars with
    up to 92% gold content. Pure gold is not produced in the republic.

    Armenia imported 1,378 kg of gold last year with customs value
    of $77 million versus 1,521 kg for $78.3 million in 2011. Gold is
    delivered to the republic in the form of gold wares and raw material
    for making them.

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