Tag Archives: Zangezursky Copper-Molybdenum Works

Armenia: ZCMC pays $83-million dividend to budget

Armenia’s state budget has, for the first time, received a 33-billion dram dividend from the Zangezur Copper-Molybdenum Combine (ZCMC), Prime Minister Nikol Pashinyan has announced during a press conference. He noted that since 2021, the Armenian government – meaning the people – had been a shareholder in ZCMC, with its stake valued at several tens…

Armenia: Zangezursky Copper-Molybdenum Works fined for 380 million drams

The reserves and ore content of the Kadzharan copper-molybdenum deposit have to be reevaluated. According to the Ministry of Environment, last time the reserves were evaluated in 2006. Zangezursky Copper-Molybdenum Works, which is developing the deposit, has not been keeping the annual registry of condition and movement of natural resources. In 2014-2017 the company was…