Armenia’s leading gold mining company continues its technical upgrading

Armenia’s leading gold mining company continues its technical upgrading
March 25, 2011 - 12:48 AMT

PanARMENIAN.Net - GeoProMining Gold company has launched the next stage of the program on technical upgrading.

Under the program, the Company acquired five Belaz dump-trucks, as well as wheel-loader Caterpillar RH-988. Recently 2 dump-trucks were delivered to Armenia and put into operation at Sotk mine of GeoProMining Gold company.

Purchase of mining equipment is an integral part of the investment program of modernization, which was launched in 2010.

The program involves capital investments in technical upgrading of the mine to implement a set of measures to improve the technical and economic level of production through introduction of advanced equipment and technology, mechanization and automation of production, modernization and replacement of outdated and physically worn-out equipment with new, more productive machines, etc.

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