Tag Archives: Mining

Armenia risks losing its mining sector by 2038 if geological exploration is not prioritized, warned Hayk Aloyan, CEO of Lydian Armenia, during the “Mining in Armenia 2025” forum on October 3. “We have resources—eight mines currently producing copper, molybdenum, gold, and other metals. Yes, metal prices are high today. But do we know what they will be in 2038? Will ...

Archaeologists have uncovered a 5th-century church within the medieval fortress of Syunik, the historic capital of the region. The Zangezur Copper-Molybdenum Combine (ZCMC) supported the excavation efforts, contributing to the preservation and study of Armenia’s rich historical heritage.

Volodya Kirakosyan, Director of the Armenian Mining and Metallurgy Association, took part in a panel discussion titled “Current Issues and Prospects of Mining Development,” organized by the National Polytechnic University of Armenia. The purpose of the event was to identify key challenges facing the development of the mining sector through academic–industrial cooperation. The following agenda items were discussed: 1. Evaluation ...

On behalf of the Armenian Mining and Metallurgy Association, I congratulate our partners at Lydian Armenia on the resumption of construction works at Amulsar. This is a major achievement for Lydian, the entire sector, and the Republic of Armenia. I am confident that the long-awaited launch of the Amulsar project will bring tangible economic benefits to the country and significantly ...

A remote meeting of the Council of the Armenian Mining and Metallurgy Association public organization was held, with the following members in attendance: 1. Zangezur Copper-Molybdenum Combine CJSC, represented by Vardan Jhanyan 2. Teghut CJSC, represented by Karen Simonyan 3. Lydian Armenia CJSC, represented by Hayk Aloyan 4. Kapan Mining and Processing Plant CJSC, represented by Vahram Avagyan 5. GeoProMining ...

A workshop on “Human Rights and Environmental Aspects in Mining: State Obligations and Business Opportunities” was held in Yerevan. Representatives from Armenian Mining and Metallurgy Association, ZPMC, international experts, and Asatur Vardanyan, Deputy Minister of Territorial Administration and Infrastructure, all attended the ceremony. In his remarks, the Deputy Minister emphasized that mining is a critical sector of the economy with ...

Representatives of the Armenian Mining and Metallurgy Association paid a working visit to the Ijevan “Bentonite” plant, one of the Union’s member organizations. During a meeting with employees, the issues facing the company were outlined, and a tour of the mine and the plant was conducted. The plant produces bentonite clay, which contains iron, calcium, phosphorus, manganese, magnesium, sodium, and ...

Under the leadership of Asatur Vardanyan, Deputy Minister of Territorial Administration and Infrastructure, the first meeting of the working group established to define the timeframe and benchmarks for implementing the changes envisaged by the Mining Sector Development Strategy was held. The working group comprises representatives of higher education institutions of the Republic of Armenia, as well as members of the ...

The walls of the salt caves in the Verkhnekamskoye mine in Russia’s Perm region are adorned with naturally formed, almost hypnotic patterns. The “artist” here is carnallite, a mineral used in fertilizer production. While a few local mines remain operational, most tunnels and passages are closed. Entry into the abandoned mines is allowed only with special permission. The mines extend ...

In the third quarter of 2025, Armenia’s Gross Domestic Product (GDP) at current prices reached AMD 3 trillion 71.65 billion, up from AMD 2 trillion 762.12 billion during the same period last year, according to the Government’s press service. This represents a 6.2% growth compared to the third quarter of 2024. On a per capita basis, Armenia’s GDP in Q3 ...