The Ukrainian Metal

Armenia: GeoProMining Gold and South Caucasus Railroad sign cooperation agreement

South Caucasus Railroad CEO Sergey Valko and GeoProMining president Roman Khuoliy have signed an agreement of cooperation to transport gold-bearing ore from the Sotskoye deposit to the Ararat gold-extracting factory in 2020.

This year it is planned to transport 1.5 million tons of ore en route Zod-Ararat, up by 15% YoY. Next year the transportation volumes are expected to increase.

Since 2008, thanks to investments, transportation has grown 3-fold.

GeoProMining is the largest partner of the railroad accounting for 55% of transportation. (Ukrainian metal)

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