Industry News
Armenian Government Recovers $1 Billion Through Zangezur Copper-Molybdenum Combine
The government of Armenia holds a 21.8% stake in ZCMC as of 2024, a commitment Pashinyan described as fulfillment of his earlier political promises.
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23 published stories in this archive.
Companies & Organisations
Armenian Government Approves $150 Million Loan Guarantee for Amulsar Gold Mine Revival
Armenia backs Amulsar gold mine revival with $150 million loan guarantee for Lydian Canada Ventures.
Companies & Organisations
ZCMC Management Set to Revise Payment Terms for Employees
ZCMC stated that revisions to the wage system, initiated in September 2024, will take into consideration work experience, qualifications, and tariff rate increases.
Companies & Organisations
Armenian Mining Giant Hit By First-Ever Workers’ Strike
Workers are demanding a 50% pay rise and improvements to their working environment.
Industry News
Armenia Develops Strategic Molybdenum Export Plan with USAID Support
As the strategy unfolds, stakeholders anticipate strengthened international trade relationships and enhanced economic opportunities for Armenia's mining and export sectors.
Companies & Organisations
Amulsar Gold Mine Set for September 2025 Opening, Says Minister
Gold mining at the Amulsar deposit in Armenia is projected to commence in September-October 2025, according to Armenian Economy Minister Gevorg Papoyan.
Companies & Organisations
Zangezur Copper and Molybdenum Plant Remains Armenia’s Top Taxpayer
In total, the top five taxpayers paid 315.4 billion AMD (approximately $795.3 million) to the state budget, showing an annual growth of 24.1%.
Companies & Organisations
Armenia Grants All Necessary Permits for Amulsar Gold Mine Operations
Lydian Armenia secures all environmental permits to operate the Amulsar gold mine, with full-scale operations planned for 2025.
Companies & Organisations
Lydian Armenia Secures All Permits for Amulsar Mine Operation
Lydian Armenia Secures All Necessary Permits to Restart Amulsar Gold Mine Amidst Environmental and Financial Hurdles.
Industry News
Conference Explores Business Opportunities in Armenia’s Mining Sector
Armen Stepanyan underscores the importance of addressing challenges in Armenia's mining sector through active engagement and knowledge sharing.