Mission & Vision – ICMA
A strong Armenian mining industry that is accountable, and capable of competing on a global scale, generating wealth and opportunities to all Armenians. Menu. About Us; Mining in Armenia ; Members; News; Contact Us; Contact Us . [email protected] +374 95 …
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Armenia
Armenia's mining sector is governed by the Mining Code, which determines the rights of subsoil use, how to obtain them, responsibilities and obligations of the engaged parties and government authorities, and other …
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Armenia's mining sector: state of play and recent …
The mining sector, a pivotal component of Armenia's economic landscape, is steered by an array of crucial legislations. 2023 witnessed a significant development with the introduction of the Mining Strategy 2035, which sets out …
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MINING POLICY DIALOG DISCUSSION PAPER
Legacy issues of the Armenian mining industry, in particular, old and improperly abandoned mines, were raised in 2016 as a result of a study on ''Armenia: Strategic Mineral Sector Sustainability Assessment'' conducted together with "Swedish Geological AB" company and "SLR Consulting", "Avag Solutions", the
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Armenian government approves mining industry …
The Armenian government approved today a strategy designed for the development of the mining industry until 2035. Territorial Administration and Infrastructure Minister Gnel Sanosyan said this sector has never had a development strategy.
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Armenia's mining sector: state of play and recent …
Many of the companies present in the Armenian mining sector are – in one way or another –owned by Russian entities. ZCMC is primarily owned by Geopromining Armenia and the Teghut mine is owned by Russian bank VTB. The …
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THE MINING AND QUARRYING INDUSTRY IN ARMENIA: …
Proceedings on Engineering Sciences, 2024. The mining industry is pivotal in ensuring Armenia's foreign exchange earnings. Therefore, we investigate the role of real exports of companies representing the mining of metal ores industry using quarterly data (2012q1 2023q2) in explaining statistically significant changes in the real GDP in the short run based on the least squares …
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Armenia
Armenia - Mining and Minerals This is a best prospect industry sector for this country. Includes a market overview and trade data. Last Published: 9/23/2016 Overview Armenia's industrial-scale metal production began in the early 19th century with the opening of the Alaverdi and Kapan copper mines. Economic development
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Export-Led Industrial Policy
The fastest-growing Armenian industries include mining and metallurgy, food production, pharmacology, cloth manufacturing and jewelry. There is also great potential for information technology, light industry, chemicals, biotechnology, machinery, instrument-making, electrical, and construction materials.
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General 1 — Armenian-International Mining and Metallurgy …
AIMMS was founded in 2021 in Canada and consists of a group of Canadian and Armenian mining/metallurgy technical experts. Our purpose is to create and foster an Armenian-international mining society engaging minerals industry professionals and academics to share technical knowledge, discuss global industry trends, future technologies as well as ...
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Armenia's Economy Is Dependent on the …
Besides that, as of January 1, 2020, the Armenian government reduced the profit tax of large businesses, including mining companies, by 2%, setting it at 18%. The reasoning at the time was that the reduction of tax rates …
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About Us – ICMA
The International Chamber of Mines of Armenia (ICMA) is an independent, professional, and non-profit institution that collaborates with all stakeholders in the mining industry in Armenia. Our primary focus is the development, maintenance, and enhancement of Armenia's mineral resources and mining sector, ensuring adherence to international ...
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Current State of Armenia's Mining Industry: Key Indicators
Through these articles, we will present the Republic of Armenia's mining industry development strategy to the public using accessible methodology and innovative tools.
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Mining in Armenia – ICMA
The mining industry in Armenia employs around 8,000 people. In 2019, mining accounted for 48% of Armenia's total exports, with copper and molybdenum concentrates being the largest export commodities. In 2020, Armenia produced 16,400 tons of copper concentrate, 3,100 kg of molybdenum concentrate, and 2,300 kg of zinc concentrate. ...
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Armenian Mining Output Shrinks Amid Economic Growth
The Armenian mining industry remains oriented towards Western markets. The South Caucasus country's largest metallurgical enterprise, the Zangezur Copper-Molybdenum Combine (ZCMC), is also its number one corporate taxpayer. Based in Kajaran, a town in Armenia's Syunik province, ZCMC employs about 4,000 people. The State Revenue …
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Mining vs the environment: The battle over Armenia's Amulsar gold mine
For all the dreadful environmental problems mining has brought Armenia in the past, the country's battered economy is in dire need of the foreign investment and jobs that, properly run and ...
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Armenia: Mining, Minerals and Fuel Resources
The mineral industry of Armenia is largely operated and owned by foreign investors. However, many hindrances affect the future of investments in this industry such as lack of transparency in the tax system and customs …
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Volume of industrial production in Armenia in 2024 …
The volume of production in the mining industry and open-pit mining amounted to 464,734.8 million drams (an 8.6% decrease compared to the previous year), while in the manufacturing sector it reached 2,153,112.5 million drams (a 6.5% increase). ... Prices in Armenia's real estate market continued to rise in December 2024, although the growth ...
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Description of the Mining Sector of Armenia
The metal-mining industry in Armenia has a long history, dating back to the late-eighteenth century, when copper mining began in Alaverdi, Lori marz (province). Copper was also discovered in Kapan in Syunik marz, where mining began in the mid-nineteenth century, and these two marzes continue to be the main focus of the metal-mining industry to ...
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Armenia's Historic Vision for Responsible Mining
A country rich in natural resources, particularly copper, molybdenum, gold and dimension stones, Armenia has 27 metal mines. These mines employ 9,000 people in rural areas, while metals and gems represent over 60% of total …
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Armenia: Mining Growing Three Times Faster Than …
The mining sector grew by 23.9% in 2019. The volume of mining output in January-November of this year, according to the SC, amounted to 323.5 billion drams . The volume of the mining sector mainly derives from the extraction of metal ores. Armenia's Teghout copper and molybdenum concentrate mine was relaunched in July 2019 after a break of 18 ...
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Armenia
The mining sector is one of the largest contributors to GDP and exports. In 2016, the mineral industry made up 17.9% of total industrial production and grew by 8.3% from the previous year …
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MINING OF METAL ORES INDUSTRY AND ECONOMIC GROWTH NEXUS IN ARMENIA
The mining industry is pivotal in ensuring Armenia's foreign exchange earnings. Therefore, we investigate the role of real exports of companies representing the mining of metal ores industry using quarterly data (2012q1 2023q2) in explaining statistically significant changes in the real GDP in the short run based on the least squares estimation technique.
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'Black Gold' of Armenia: How can copper boost …
The role of the mining industry in the Armenian economy. Despite numerous statements about the need to reform the industry and abandon the exploitation of the most problematic deposits, mining continues to play an …
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Armenia: A Case Study on Mining
Armenia: A Case Study on Mining Christoph H. Stefes and Pete Theodoratos 8.1 Introduction In 1991, following the collapse of the Soviet Union, the former Socialist ... RA's mining industry. The country is rich in copper, iron, molybdenum (a refractory element used primarily as an alloying agent in steel, cast-
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General Information
Armenia's mining sector is a key contributor to the national economy. Ore concentrates and metals accounted for just over half of Armenia's exports in last years, solidifying their status as the country's most important export products. ... Currently, a final product for the mining and smelting industry in Armenia is mainly considered the ...
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Home
Downstream businesses and consumers are increasingly demanding sustainable and responsibly sourced materials. The mining industry must adapt to changing downstream preferences, incorporating sustainable practices and responsible …
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What Are The Major Natural Resources Of Armenia?
The mining industry is, therefore, one of the principal areas of Armenia's economy. In 2017, the output of the mining industry grew by 14.2% while the mineral product exports, excluding precious metals and stones, grew by 46.9% accounting, for 30.1% of all exports.
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Armenia
Armenia has a long history with mining, marked by the beginning of copper extraction at the Alaverdi mine in the 1770s, the Kapan gold mine in the 1840s, and a copper-molybdenum mine at Kajaran in the 1950s. After Armenia gained independence, the continued development of the … See more
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Mining Industry has been and is providing Armenia's …
Hovhannes Harutyunyan emphasizes that no country in the world, including Armenia, can refuse mining today. "We know quite developed countries in Central Europe that have a mining industry. It is a long, continuous process, because the discovery of minerals that become relevant over the years forces everyone to develop the mining industry.
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