Teghout Mine Resumed Operation

Teghout Mine Resumed Operation

EcoLur

The operation of Teghout copper and molybdenum mine was resumed in Lori Region on 9 July. The mining permit was issued to the company on 8 July to mine 7 million tons of ore per year, which assumes 15-20 years of mining prospects.

As Lori Regional Municipality informs, on the first day of Teghout re-operation Lori Regional Head Andrey Ghukasyan visited the mine together with “Teghout” CJSC CEO Karen Ghazaryan. He learnt the existing conditions and the upcoming tasks which plane to make the operation of the mine safer and more effective.  Works are carried out for expansion and resuming mining machinery, technological potential and other devices.

Andrey Ghukasyan expressed his hope that the company will take all the measures to correct all the existing drawbacks and the previous omissions. The regional head also visited the workshops of the company and the area of the tailing dump. In his interview with the journalists Andrey Ghukasyan noted, “There is no “increasing” problem with the tailing dump: for one or two years a crack has been mentioned but now we can see there is no crack.”

Reminder: On 12 January 2018 “Teghout” CJSC owned by Vallex Group stopped the operation of Teghout mine: the company confessed there are problems connected to the tailing dump of the mine. Then it became known that the property of “Teghout” CJSC had been pledged at the Russian VTB bank. Currently the company is owned by the bank: the new administration of the mine said that currently the number of employees makes up around 800 out of which the dominant part are the residents of Shnogh and Alaverdi communities.

Photo credit – FB page of Lori Regional Municipality

12:03 July 11, 2019


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