Newsfeed

Newspaper: Armenian oligarch's company worked in the shadow

Nagorno-Karabakh Police publish details of the case of Azeri saboteurs

Eastern Partnership countries cannot join European Union within the next 5 years

Expert: Decision to increase water release from Lake Sevan to 270 mln cu m is a shady transaction

RESO Insurance Company compensates for damage under hull insurance in 90.9% of cases

VTB Bank (Armenia) and Visa announce the launch of Summer with VTB campaign

Orange Foundation opens a Youth center in Chinari and a computer center in Zorakan in Tavush region

ICRC Yerevan Office holds negotiations to organize a meeting with Azeris detained in Armenian territory

Hakob Sanasaryan: Armenia has chosen the path of destroying its water resources

ICRC Yerevan Office maintains regular contacts with residents of borderline villages

Areximbank-Gazprombank Group's profit increases by 56.1% and capital grows to 21.9 bln AMD

Levon Ter-Petrosyan: the authorities of Armenia are going to replace the "carrot" of the PAP by the "stick"

Ankara has put forward a plan to form a free trade zone with the Customs Union

Ankara's wish to create free trade zone with Customs Union has a dim prospect for Armenia

Levon Ter-Petrosyan: The delay of Armenia's joining Eurasian Economic Union is conditioned by the demand of the EAEU to set a check point at the border to Nagornyy Karabakh

Levon Ter-Petrosyan: The reaction of the Armenian party at the Azerbaijani invasions is quite guarded and inadequate

Sharmazanov to Ter-Petrosyan: It is unacceptable to speculate the Karabakh issue for the political goals

The Golden Apricot Yerevan 11th International Film Festival has come to its end, the official website reports

Rostelecom services available in the center of Yerevan

RESO Insurance Company compensates for hailstorm-caused damage

Customer of VTB Bank (Armenia) wins a Peugeot 107 AT under a joint campaign with MasterCard

1005 residents of Nagorno-Karabakh sign an address on immediate release of Armenian businessman Levon Hayrapetyan

Ardshininvestbank cuts lombard credit and Nur Card Express rates

Nagorno-Karabakh Prosecutor General's Office: Smbat Tsakanyan was kidnapped and killed by Azeri saboteurs

Beeline and NURCARD launch new postpaid tariff plans

ACBA-Credit Agricole Bank's terminals switch to round-the-clock regime

Preparliament: Verdict against Volodya Avetisyan is the authorities' cynical gauntlet thrown against the Armenian society

Suren Babayan intends to shoot a new trilogy

Armen Martirosyan: Levon Hayrapetyan's arrest has either Azerbaijani or Armenian trace

Raffi Hovannisian: Arrest of Levon Hayrapetyan is politically motivated

Air Armenia leases Airbus 320

On July 20 Air Armenia will start flying to Moscow three times a day

Ivan Volynkin: Russia is not instigating anybody in Nagorno- Karabakh conflict

Armenia's Foreign Ministry: No Armenian citizens on board of the Malaysia Airlines passenger plane Boeing 777 that crashed in Ukraine

Armenia's Foreign Ministry: No Armenian citizens on board of the Malaysia Airlines passenger plane Boeing 777 that crashed in Ukraine

After arrest Levon Hayrapetyan's health condition has got worse

After arrest Levon Hayrapetyan's health condition has got worse

Armenia's Foreign Ministry gets more specific information about availability of Armenian citizens on board of the Malaysia Airlines passenger plane that crashed

A soldier of the NKR Defense Army dies

Nagorno-Karabakh war veteran: Armenian authorities will not get away with their unfair verdict against Volodya Avetisyan

Net profit of Ardshininvestbank amounts to AMD 2.8 billion outperforming last year's result by 36.2%

Head of Union of Armenians of Russia does not believe Levon Hayrapetyan's privity to economic crimes

Head of Region Research Center in Armenia Laura Baghdasaryan considers Azerbaijan's accusations against her to be nonsense

Economy Minister: US sanctions against Russian companies may negatively affect Armenia's economy

Independent experts of Armenia think the Levon Hayrapetyan case has nothing to do with the personality of ex-president of Armenia

Light industry in Armenia is desolate but not hopeless

The captured Azerbaijani raider used to often visit Karvachar

Traian Hristea: Armenia-EU relations are at the stage of reflections

Seyran Ohanyan: The Armenian party will mine all possible ways of penetration from Azerbaijan to Karvachar

Azerbaijani secret services again say about the "criminal" link of Mirkadyrov with Armenia

Regional

Saakashvili's Party States it is Important to Conduct the Second Round of Elections till July 19

Historical Changes Have Occurred in Georgia - President

Israeli Minister of Agriculture is Paying Official Visit to Georgia

Power Restrictions Imposed in Tbilisi since June 23, 2014

Ramadan begins on June 29

Azerbaijan's democratic forces calling for the Association with the EU

Georgian MFA Responds to U.S. Embassy's Statement, Connected with Incidents during Election Campaign

Georgian Ambassador Demands Explanations from Turkish MFA

Georgian Citizens Abroad not to Participate in Local Elections

Georgian President Delegates Prime Minister to Sign Associated Agreement

Georgian Leadership Welcomes Presidential Elections in Ukraine

We do not Need Saakashvili's Type Mediators in our Relations with Ukraine - Lavrov

Caucasian Muslims Department (CMD) opens an office in Iran, next will be Saudi Arabia

Poroshenko States he Has not Offered Georgian Ex-President Mikheil Saakashvili Adviser's Post

Russia not to Punish Georgia for Signing Associated Agreement with EU-Kosachev

James Appathurai Writes about Georgia in his Page in Facebook

Blogger Abdul Abilov sentenced to five and a half years

Vugar Aliyev committed to strengthening the responsibility of Internet resources

Civil society urges Aliyev to defend democracy

Georgian Defence Minister Hosts Lieutenant General Donald Campbell

Georgia Condoles to Nigeria over Death of People as a Result of Terrorist Attack

Georgian Foreign Minister Holds Meetings in Brussels

EC and Georgia Make Joint Statement

Baku hosts International Exhibition of Agriculture and Food Industry

Ilham Aliyev received Secretary General of Council of Europe

New technological block "Albion" launched at Ararat gold recovery plant

  • by Karina Manukyan

  • Monday, April 28, 19:32

On April 28, Yerevan-GeoProMining, a diversified international group of mining companies (GPM) informed about commissioning of the new technological block "Albion" at Ararat gold recovery plant. An official ceremony was presented by President of RA, Serzh Sarksyan, officials of RA and delegation from Russian Federation headed by Minister of Transport of the Russian Federation, the head of the Armenian-Russian Intergovernmental Commission Maxim Sokolov.   

The press service of GPM group in Armenia reports that the general volume of investments for the modernization of Zod mine and Ararat plant by GeoProMining group since 2007 exceeded 140 million US dollars. 

Albion process plant developed by Australian company Xstrata Technology and Core Process Engineering allow significantly increasing the extraction of metal from refractory sulphide ores Zod mine is rich in. The technology combines ultrafine grinding and oxidative leaching under atmospheric leaching. By Albion technology concentrate, containing base metals and precious metals, is processed by oxidation of sulphide minerals and recovery of metals for further extraction in conventional manner. 

Currently there are three production sites where Albion process plant is being applied. On two of them located in Spain and Germany zinc sulphide concentrate is processed and another site processes refractory gold-silver concentrate. It is located in Dominican Republic. So, Ararat plant will become the world's second experience in the application of Albion process plant technology for gold ores processing. 

GeoProMining, founded in 2001, is an international private company with a diversified resource base metals. GeoProMining produces gold as a "Dore" alloy as well as copper, molybdenum, antimony concentrates. GeoProMining plants are located in Russia and Armenia. In Armenia GeoProMining owns two enterprises - Agarak copper-molybdenum plant and GPM Gold company, which develops Zod gold deposit and controls Ararat gold recovery plant. 

Total investment volume of GeoProMining group of companies in the acquisition and modernization of enterprises in Armenia since 2007 amounted to more than 370 million US dollars. GeoProMining is one of the largest investors of the economy of Armenia.    

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields