The Teghut mine might get re-launched, according to Minister of Economic Development and Investments Tigran Khachatryan.
When asked about the chances of Teghut resuming operations, the minister said: “Yes, there is hope, nothing is hindering them to start restoration works after clarifying their relations with the bank,” he said.
In 2017, Teghut produced and exported $120 million worth of products, and its halt affected industrial growth in 2018.
The mine in Armenia’s northern province of Lori ceased operations due to financial troubles. (Armenpress/Ukrainian metal)