“Teghut CJSC”

Teghut CJSC was established to operate the Teghut deposit in the Lori region, which ranks second in Armenia in terms of copper and molybdenum reserves.

The mine’s copper-molybdenum ore reserves are estimated at 450 million tons, with confirmed molybdenum reserves of approximately 100,000 tons and copper reserves of 1.6 million tons.

2006–2013: Design and Construction of Teghut Mining and Processing Plant

Between 2006 and 2013, Teghut CJSC carried out extensive design and construction works for the Teghut mining and processing plant.

For the construction, more than 700 hectares of land were allocated, including 357 hectares of forested area. During this period, over 140 facilities were built, with the main ones including:

• Primary crushing plant
• Flotation processing plant
• Tailings management system, including tailings storage facility, tailings pipelines, water diversion structures, industrial water systems, and pumping stations
• Open-pit mine
• Mining transport equipment facility
• Infrastructure facilities, including administrative buildings, water and wastewater treatment plants, pumping stations, and others

2014 – Commissioning of Teghut Mining and Processing Plant

In its very first year of operation, the Teghut mine became the second-largest copper mine in Armenia, significantly contributing to the economic development of northern regions and addressing local employment needs.

2018 – Suspension of Plant Operations

According to studies conducted by international specialized organizations, the suspension of operations was due to preliminary data indicating potential stability risks of the tailings dam. These initial findings were later confirmed by independent consultants. Based on this information, Teghut CJSC made the difficult decision to temporarily suspend ore extraction.

2019 – Resumption of Production and Restart of the Mining and Processing Plant

In April–May 2019, Teghut CJSC carried out extensive repair, restoration, and commissioning works, including the decommissioning of hazardous industrial facilities. The company obtained the license to restart the mining and processing plant and resumed production with an annual capacity of 7 million tons of ore.

By the end of 2021, Teghut CJSC expects to extract and process approximately 47 million tons of ore during the production cycle.

To reduce risks related to tailings dam stability, the company has developed and is implementing a set of stability enhancement measures, including:

• Developing and enforcing strict daily monitoring standards for the condition of the tailings dam
• Artificially lowering the water level in tailings through depressurization
• Conducting additional studies of the dam’s physical and mechanical properties
• Designing projects for strengthening the tailings dam
• Implementing reinforcement works using rockfill, among other measures

The operation of Teghut CJSC’s mining and processing plant has created approximately 1,100 jobs and made a significant contribution to addressing employment challenges in the region. Fully compliant with all standards established by Armenian law, Teghut CJSC is listed among the country’s major taxpayers.

Between 2019 and 2021, the company planned to pay over AMD 28.2 billion to the state budget.

Email: info@teghoutmining.am