Our Industry Standing
Armenian subsoil is among the most investigated in the former Soviet Union. As a result of geological surveys of mineral resources more than 480 mineral deposits were found in Armenia, the presence of 38 metals, and more than 70 types of non-metallic materials.
The deposits are mainly concentrated in two regions: Alaverdi area in Lori marz and Kapan-Kajaran area in Syunik marz.
Today, Armenia is one of the leading countries with the proven reserves of molybdenum (Kajaran, Teghut, Agarak and Dastakert deposits). It owns 5.1% of overall and 7.6% of proven world reserves of molybdenum. There are also significant reserves of copper, zinc, iron, lead, gold, silver, rhenium, cadmium, tellurium, etc.
Armenian mining industry is growing, old enterprises are being modernized, and new deposits are being investigated.
The average annual copper production in Armenia is about 23,000 tons of metal. In recent years the annual growth rate of total copper production was 7%.
Copper concentrate was at the leading position in the exports structure of Armenia in 2010 (20.7% of total exports in 2010). The industry output is exported in the form of blister copper and copper concentrate.
Armenian mining companies produced 118 thousand tons of copper concentrate in 2010. The growth rate in comparison to the previous year amounted to 133.7%.
4 major producers exported 116 thousand tons of copper concentrate in 2010. 100% of Armenian copper blister exports and about 60% of copper concentrate exports falls to NorddeutscheAffinerie, which owns copper smelter in Pirdop, Bulgaria. The Swiss giant Trafigura accounted for about 24% of exports of copper concentrate from Armenia.
Start of operations of Teghut, Armanis and Dastakert mines will have an important role in the future development of the mining industry in Armenia.
12-13 thous. t
35 thous. t
13-14 thous. t