GeoProMining launched closed water circulation system at the Agarak copper-molybdenum complex

Posted on Jan 29, 2013 in Company news, News and Press releases

GeoProMining launched closed water circulation system at the Agarak copper-molybdenum complex

29 January 2013, Yerevan

Русский 

GeoProMining, a diversified international group of mining companies, is pleased to announce that the Agarak Copper-Molybdenum Combine (ACMC) has launched a closed water circulation system. Introduction of the new advanced circulation system is part of a large-scale modernization programme at ACMC. The budget of the project, which started in September 2011 amounted to USD4.5 million.

The new system of closed water circulation allows to completely excluding ingress of technical water into the environment, including the cross-border Araks River. A multilevel system includes two separate pools for cleaning, located on the territory of the tailing site Davazami. Backup power systems of water transmission provide uninterrupted circulation of water from the pools to the complex and back. The new system will also allow sharply reduce the volume of clean water used in the production process.

“Caring about the environment, compliance with international environmental standards, using advanced technology are fundamental principles of sustainable development of the GeoProMining companies. Modernization of GPM’s facilities had several primary tasks: it combined both restoring the economic potential of the mines and plants and creation of a high-technology production process adhering to highest standards of efficiency and environmental safety. The new system of water circulation at ACMC is a good example of GeoProMining performance in Armenia”, said GeoProMining President Roman Khudoliy.

Agarak Copper-Molybdenum Complex is part of the international group of companies GeoProMining. In 2009-2012 the complex and mine were completely renovated and reached the processing capacity of the 3.5 million tonnes of ore annually. The complex is located in the most southern city of Armenia Agarak and produces copper and molybdenum concentrate.

Press contacts:

Ruzanna Grigoryan

Tel: +374 (94) 19 07 13

Email: ruzan@gpmgold.am

 

About GPM:

GeoProMining, founded in 2001, is an international, privately held company with a diversified base of gold and other metals assets. GeoProMining engages in mining activities in Armenia and the Russian Federation.