Gor Rafayelyan, The Hayots Ashkharh
According to Tee Kiam Poon, Executive Director of Chinese Fortune Oil Company, the company is going to invest more than 110 million dollars for upcoming 5 years to develop the ore mine in Hrazdan, while the amount of investments to be made for development reserves in the territory adjacent to Hrazdan will exceed 400 million dollars.
In 2010 Fortune Oil Company will start constructing an ore processing factory in Hrazdan, while in two years it will get an annual output of 2 million tons of ore concentrate. Later starting from 2010 developing Abovyan mine will be launched with a would-be annual output of 8 million tons.
Vanatur residents denied the information that the company employees or local authorities have suggested them to leave their houses or there is a problem of evacuation arising.
April 01, 2011