YEREVAN, NOVEMBER 15, ARMENPRESS: Gold and copper mines in the village of Drmbon in the Martakert region of Nagorno-Karabakh, reopened in 2003 under the name Base Metals Company by Valery Mejlumian, a Moscow-based Armenian businessman, who owns also Alaverdi Copper Plant (ACP) in northern Armenia, has extracted this year 153,000 tons of ore producing 13,000 tons of concentrate.
Taguhi Karapetian, a press secretary of ACP, said extraction and processing volumes have increased 25 percent from a year ago. She also said ACP plans to extract annually 300,000 tons of ore . In general the Drmbon mines are estimated to have 3 million tons of ore deposits. She said overall some $15 millions have been already invested into this unprecedented enterprise and another $5 million will be invested in the next couple of years. Karapetian said the Base Metal has become one of the biggest tax payers in Nagorno-Karabakh. In the first nine months of this year it paid 1.4 billion in taxes. Around 700 people work at the Drmbon mine today and most come from six nearby villages, and some 40 % are engineers and technicians from Armenia, with experience in similar ventures. The average salary is 100,000-110,000 Drams (about $170-195).
The mine is on the North-South highway being built by the Hayastan Pan-Armenian Fund, and the new road is of great importance for the development of the plant. Known reserves alone are enough for the mine to function for 8-10 years.
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