Mining Companies Invested Around US $235 Million

Mining Companies Invested Around US $235 Million

EcoLur

Companies dealing developing metallic mines or planning to develop such mines invested around the US $ 235 million. According to RA Deputy Minister for Energy Infrastructures and Natural Resources Vardan Gevorgyan, around 3 billion AMD will be invested in the upcoming 3 years with the soil management permits issued for the geological prospecting of metallic mines in 2017.

Unlike the mined metallic ore, the volume of which hasn't almost changed last year, the produced product has increased by around 30% in the aggregate amount, which is mainly conditioned with the increase in raw material prices in foreign markets. The new reserves of the approved metallic resources have made up around 5 million tons of ore, as Information and Public Relations Department of RA Ministry for Energy Infrastructures and Natural Resources informs.

15:05 February 12, 2018


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