IN THE RECONSTRUCTIONOF COMPANY AGARAK COPPER-MOLYBDENUM COMBINE IN ARMENIA WILL BE INVESTED $ 18-22 MILLION

ArmInfo

The tentative cost of the project of reconstruction privately held company "Agarak copper-molybdenum combine" in Armenia (AMMK), calculated for 2-3 years, composes \\$ 18-22 of mln. This, in the interview for ArmInfo correspondent reported Sergey Ropeyko, chief project engineer, developed by Russian project company Mekhanobr Engineering. According to him, by the international company of GeoProMining, into structure of which enters the company Agarak copper-molybdenum combine last year was ordered Technical Economic Assessment of reconstruction and studied the entire complex of the measures, which must lead to reduction in prime cost and return on the production produced. It noted that the investments will be directed toward the reconstruction of the concentrating plant of the combine and toward the building of the new building of the main building of factory. Collocutor reported that the flotation equipment at the factory will be completely substituted, which is exploited from the 60's.

"Machines are old, although partially they were modernized, spare parts changed, but, in the essence, they have not been changed completely. Equipment works unstably and it leads to the frequent stoppages", said S.Ropeyko. It is planned to replace crushing equipments, floto-park Chief project engineer added that the main building of factory also is in lamentable state and they made a decision to construct the new building of flotation, which subsequently can serve for the development of enterprise. In the new building it is planned to place new additional capacities and to ensure a rise in productivity.

Specialist noted, after reconstruction the indices on the extraction of copper and molybdenum will grow by 2%, what will lead from one side to a rise in productivity, and with another - to a reduction in the prime cost of production. Essential success is planned to achieve, also, on the part of the ecology, collocutor added. In particular, aspiration systems for the purpose of decrease of the quantity of dust will be substituted, will be installed contemporary indozators of the reagents, which will exclude the leakage of poisonous substances in the work places. Besides this, on the new flotation equipment is installed a more effective ventilation system, which will ensure the best working conditions, chief engineer noted.

He certified, that half of entire flotation equipment are already in the warehouses of the combine and today satisfy all necessary technical requirements of flotation. S. Ropeyko reported that in this stage Mekhanobr Engineering is on the initial stage of the development of the design, whose delivery to customer is outlined in August - September 2010. The periods of the realization of project will be tentatively 1-3 years. From an economic point of view, the reconstruction will make it possible to increase the design volumes of output and ore processing from the present 3 mln. tons to 3,5 mln. tons per year. However, these design capacities can be substantially increased in the long-term outlook. The building of the new main housing of factory will make it possible to place new power equipments in the liberated old building of flotation. With the start of the second turn of flotation repartition, it is possible to attain output and processing of 6 mln. tons of ore per year, collocutor said.

Let us note that Mekhanobr Engineering was created on the base of the design and scientific parts of the institute Mekhanobr in December 1990 and has a 90-year experience of activity, which was specialized in development of technologies and planning of 250 ore-dressing enterprises in the territory of Russia, CIS and other states. By the projects of Mekhanobr Engineering were constructed Agarak copper- molybdenum combine and Zangezur copper-molybdenum combine in Armenia, and also Madneuli in Georgia. At present the company works on the projects of mining companies Norilsk nickel, Severstal.

The group of the companies of GeoProMining acquired the shares of Agarak copper-molybdenum combine in December 2007. GeoProMining specializes in the output, the enrichment of polymetallic ores (copper, molybdenum, antimony and precious metals (gold, silver). Company has a diversified structure of production and markets for sale. Deposits and processing plants of company are located in Armenia, Georgia and Russia and in Vietnam.

March 09, 2010