Armenian Copper Programme (ACP) cut production of unrefined copper 9% in 2014 to 9,802 tons versus 10,771 tons for in 2013, the ACP press-service told ArmInfo.
ACP processed 44,031 dry metric tons of copper concentrate for 2014 versus 49,185 tons for 2013.
The company explains the production decline with the cut off in supplies of concentrate and higher content of metal in the concentrate. The company is supplied with concentrate from the affiliated company, Base metals CJSC in Nagorno-Karabakh Republic and Zangezour copper and molybdenum combine CJSC (south of Armenia). The copper content in the latter's concentrate is higher. The production is exported to Europe.
To recall, in 2012 ACP raised production of unrefined copper 13.1% to 10,075 tons versus 8.877 tons in 2011. 100% of ACP cjsc's shares belong to Valery Mejlumyan, a citizen of Russia.