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Business
Armenia's production of copper concentrate slashes by 17.3%
Armenia's production of copper concentrate in the first 10 months of 2022 decreased by 17.3% yoy to about 319,266 tons, according to the National Statistics Committee (NSC).
05.12.2022, 19:17
Economy
Armenia’s copper concentrate production down by 19%
Production of cooper concentrate in Armenia in the first half of 2022 slashed by 19,3% year-on-year to about 202,450 tons, according to the National Statistics Committee (NSC).
08.08.2022, 12:46
Economy
Armenian assets of GeoProMining Group of Companies significantly increase payments to state budget․
According to the results of the first half of 2022, tax payments to the state budget of the Republic of Armenia by the Zangezur Copper-Molybdenum Combine (ZCMC) CJSC, which is part of the international Group of Companies GeoProMining, amounted to 104.7 billion drams.
27.07.2022, 12:40
Business
ZCMC continues to work exclusively within the framework of Armenian legislation
In response to the publication in the newspaper “Past” (Fact) dated July 21 of this year, entitled “Is GeoProMining blackmailing the Armenian government?,” the Zangezur Copper-Molybdenum Combine (ZCMC) CJSC considers it necessary to make the following statement:
22.07.2022, 16:09
Economy
Armenia’s production of copper concentrate decreased by 17% in January-April 2022
Armenia’s production of copper concentrate decreased by 17% in January-April 2022 as opposed to the first four months of 2021 to about 106,600 tons, the National Statistics Committee said.
07.06.2022, 18:23
Business
GeoProMining Armenian assets are in the list of ten largest taxpayers
In the first quarter of 2022, the Zangezur Copper-Molybdenum Combine (ZCMC), managed by the GeoProMining Group of Companies, increased tax entries to the state budget of Armenia, as compared to the same period of last year, by 3.6 times, up to 35.5 billion drams.
20.04.2022, 16:10
Business
Armenia imposes temporary restriction on export of copper and molybdenum concentrates
The Armenian government has imposed today a temporary restriction on the export of copper and molybdenum concentrates, as well as on molybdenum and products made from it to third countries. The government has also established a procedure for export licensing.
03.03.2022, 15:41
Business
Armenia’s Deputy Minister of Territorial Administration and Infrastructure visits Agarak Copper-Molybdenum Combine
Armenia’s Deputy Minister of Territorial Administration and Infrastructure Hovhannes Harutyunyan visited the Agarak Copper-Molybdenum Combine on Monday.
21.02.2022, 19:22
Business
Armenian government nationalizes 25% of Zangezur cooper and molybdenum combine
The government of Armenia said it has agreed to accept as a gift 25% of shares (412,250.75 ordinary shares worth 20 thousand drams each) of the Zangezur Copper-Molybdenum Combine. The decision is published on the government website.
01.10.2021, 11:07
Business
Armenia to introduce export duties on copper concentrate and molybdenum
The Armenian government approved July 12 a set of amendments to the Law on State Duty, saying the amendments were prompted by the need to regulate foreign trade in goods which are of strategic importance for the country- copper and molybdenum concentrates as well as ferromolybdenum.
13.07.2021, 11:08
Business
President of GeoProMining Group: $40 million planned to be invested in Agarak Copper and Molybdenum Combine
Roman Khudoley, president of GeoProMining Group, answering ARKA News Agency's question at a news conference on Friday, said around $40 million is planned to be invested in Agarak Copper and Molybdenum Combine to enlarge the plant.
17.07.2017, 14:33
Business
Armenian Molybdenum Production produced last year 2,840 tons of ferromolybdenum
Armenian Molybdenum Production company produced last year 2,840 tons of ferromolybdenum worth 20.11 billion drams, by 12.7 tons more than in 2011. The entire output was sold to Europe, the government press office said today, adding that prime minister Tigran Sargsyan visited the plant, which processes copper concentrate produced by Zangezur Copper and Molybdenum Combine in the southern region of Syunik.
26.03.2013, 20:19
Business
Nairi Insurance and Zangezur Copper-Molybdenum Combine sign agreement on voluntary health insurance of 3.500 employees
Nairi Insurance Co. and the Zangezur Copper-Molybdenum Combine located in southern Armenian province of Syunik signed today an agreement on voluntary health insurance of 3.500 employees of Armenia’s largest smelter and their family members – overall some 10,000 people.
27.07.2012, 21:04
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Popular
According to the State Revenue Committee, Armenia's 1,000 largest taxpayers paid more than 1.4 trillion drams in taxes and customs duties to the state budget from January to September 2025.
Armenia's top 1,000 taxpayers contributed over 1.4 trillion drams to state budget within nine-month period
