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#SMELTER
Business
Armenian-American company to invest $70 million in smelter
Armenian-American company GTB Steel LLC plans to invest $30 million in the first stage and $40 million in the second stage to launch a smelting plant in Armenia's Ararat region, the Economy Ministry said.
09.08.2024, 19:49
Business
Armenian-American metallurgical plant to "move" from Yeraskh to Ararat
The Armenian government will grant AMD 3.5 billion loan to GTB Steel LLC, which plans to build a smelter in the village of Ararat.
12.01.2024, 15:03
Business
Armenian-American smelter to be relocated from Yeraskh to village of Ararat due to Azerbaijani fire
The Armenian government allowed today an Armenian-U.S. company GTB Steel LLC that was building a smelter in the village of Yeraskh to relocate it to the Ararat village in the same name province.
14.12.2023, 18:13
Economy
Mining industry's risks are manageable by government, companies and all stakeholders – Vardan Janyan
Speaking at a press conference on Monday, the Head of the Union of Miners and Metallurgists and First Deputy CEO of Zangezur Copper and Molybdenum Combine Vardan Janyan pointed out that billions of dollars have been invested in the mining and metallurgical industry of Armenia, in building of economic infrastructures and training of personnel.
25.07.2023, 13:11
Politics
If shooting continues at unarmed workers that will be seen as direct attack on American capital, owners of Yeraskh smelter warn
U.S.-based companies Virtual Funding LLC and CSE Global Investments LLC, which are building a steel casting plant outside the village of Yeraskh in the Armenian province of Ararat, warned Azerbaijan in a statement that if shootings in the direction of the unarmed workers of the plant continue, they will consider that as a “direct attack on American capital.’
15.07.2023, 15:52
Economy
GeoProMining Group of Companies plans to build copper smelting plant in Armenia
GeoProMining Group of Companies, which operates the Sotk gold mine and owns a majority stake in the Zangezur copper-molybdenum combine in Armenia through its subsidiary called Industrial Company, plans to build a new copper smelting plant in the country, Roman Khudoliy, General Director of the Zangezur Combine, President of GeoProMining Group of Companies, said in an interview with Armenpress.
10.07.2023, 14:32
Economy
Armenia negotiates with three investors on construction of new copper smelter
The Armenian Ministry of Economy is currently holding talks with at least three investors for building a new copper smelter, Prime Minister Nikol Pashinyan said in parliament on Tuesday.
18.04.2023, 19:36
Economy
Papikyan: Armenia will build copper smelter and new nuclear power plant
The Armenian authorities are determined to build a copper smelter in the southern province of Syunik which hosts the Zangezur copper and molybdenum combine and also a new nuclear power plant, former Deputy Prime Minister Suren Papikyan, who was in charge of the energy sector, told the parliament on Wednesday.
18.11.2021, 12:17
Business
Pashinyan says copper smelter and new nuclear power plant to be built in Armenia
A copper smelter and a new nuclear power plant will be built in Armenia, Prime Minister Nikol Pashinyan said on Wednesday during a government Q&A session in parliament.
07.10.2021, 04:45
Business
Geopromining’s subsidiary and Armenian government to build new copper smelter in Armenia
"Industrial Company" and the Government of Armenia (GOA) are happy to announce that the Company has granted the Republic of Armenia and the GOA has accepted a 25% share of the Company, the press service of the Armenian government announced today.
01.10.2021, 17:23
Business
VTB Bank may hand over Alaverdi smelter to Armenian government
The copper smelter in the northern town of Alaverdi may be handed over to the Armenian government, Armenian Prime Minister Nikol Pashinyan said at a press conference in Vanadzor on September 16.
17.09.2019, 15:21
Business
Pashinyan provides comments on Teghut copper deposit and Alaverdi smelter
Armenian Prime Minister Nikol Pashinyan made explanatory comments today in response to a question from an MP Armen Yeghiazaryan from the Bright Armenia party regarding the future of the Teghut copper deposit in the northern Armenia and the Alaverdi copper smelter.
13.02.2019, 19:24
Business
Armenian nature protection inspectorate explains why copper smelter in Alaverdi was closed
Armenia’s Nature Protection Inspectorate announced today the reasons why the Armenian Copper Program (ACP), a private company engaged in exploration, development, production, processing and marketing of minerals and metals in the northern province of Lori, had to shut down its copper smelter in the town of Alaverdi.
30.10.2018, 18:56
Business
Sharmazanov urges acting prime minister to help keep Alaverdi copper smelter operating
Deputy speaker of the Armenian parliament Eduard Sharmazanov from the Republican Party of Armenia urged today the Acting Prime Minister Nikol Pashinyan to do everything possible to prevent the closure of the copper smelter in the northern town of Alaverdi, owned by the Armenian Copper Program CJSC (Vallex Group).
19.10.2018, 17:35
Economy
ACP causes 380 million drams worth damage to environment
The Armenian Copper Program (ACP), a private company engaged in exploration, development, production, processing and marketing of minerals and metals in northern Armenian province of Lori, has caused about 380 million drams ($788 thousand) worth environmental damage, the Armenian Nature Protection Inspectorate said today.
28.09.2018, 17:47
Business
Some $300 million may be invested in construction of copper smelter
Some $300 million may be invested in the construction of a copper smelter in Armenia, economic development and investment minister Suren Karayan told journalists on Thursday.
31.08.2017, 16:01
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Popular
Reforms aimed at diversifying exports, improving the business environment, strengthening governance, and advancing climate policy implementation are crucial for boosting economic resilience and increasing potential growth, said IMF Deputy Managing Director and Acting Chairman Bo Li.
IMF outlines measures to boost Armenia's economic resilience and growth
