In the framework to his visit to Syunik, President Sargsyan visited also Ler-Ex Ltd. ore processing plant, where the President of the country familiarized with the works for the construction of a shaft in the central part of the Hanqasar copper and molibdenum deposit situated 50 km away from Kapan, as well as with the geological explorations conducted all over the site. It was noted that after the complition of the works and introduction of corresponding technologies, the flotation plant with its waste site, will be processing 150 thousand tonns of minerals. Also, the enterprise has launched production of 51 percent molibdenum concentrate and 25-28 percent copper concentrate. Current production capacities allow to produce 500 tonns of molibdenum and 2000 tonns of copper concentrate.
According to the management of the Company, estimated deposits of the minerals will allow to increase extraction and production оutput and bring it to 250-500 tonns annualy, employing over 500 workers.
December 24, 2010