Armenian Molybdenum Production to process hazardous waste

Armenian Molybdenum Production to process hazardous waste

PanARMENIAN.Net - Armenian Prime Minister Tigran Sargsyan visited Armenian Molybdenum Production LLC, specialized in processing of copper concentrate, produced in Zangezur Copper and Molybdenum Combine.

Prime Minister Sargsyan familiarized himself with the production process and the programs to be implemented, governmental press service reported.

In 2012, AMP LLC produced AMD 20,11 bln worth of ferromolybdenum (2 840 tons), ensuring 12,7% growth against 2011 results. The manufactured product was totally realized in Europe.

In 2013, the company took measures aimed at processing of hazardous waste to increase the amount of ferromolybdenum produced. The Armenian government granted a license in 2012, with the works on the use of the new equipment currently under way.

About 500 people are employed by the company, with average salary totaling AMD 208,4 thous. AMP was placed 155th in the list of major taxpayers, replenishing the state budget with AMD 602,7 mln.

 Top stories
“A 10% credit portfolio upsurge was registered in the first 7 months of 2014, with the bank planning to bring the figure to $550M,” Sahakyan said.
The revised figures are based on the forecast for the Russian economy to contract by 1.0% in 2014, followed by stagnation in 2015.
“The key powers in the region are unlikely to favor an outbreak of conflict on their southern and eastern flanks,” the report says.
The Commission aims to compensate producers who decide to not harvest some of their goods or give products away for free.
Partner news