$5-7 million to be invested in Lusadzhur gold mine in Armenia

$5-7 million to be invested in Lusadzhur gold mine in Armenia

News.am

In 2012, up to million will be invested into Development of Lusadzhur gold deposit in the Kotayk province of Armenia, MP Tigran Arzakantsyan told Armenian News-NEWS.am. Ankarat company, obtained a license to develop the site that belongs to Arzakantsyan.

The company plans to intensify the work of an ore-dressing plant. The possibility of installing a plant for refining precious metals is in the action plan as well.

"These plans are relevant because without refining the level of production profitability will be reduced by 30 - 40%," said Arzakantsyan.

November 14, 2011 at 11:42