GeoProMining has involved the leading environmental experts in the mining industry to minimize the effects of production on the environment, Siman Povarenkin, Chairman of the Board of Directors of GeoProMining group of companies, said during the ceremony of commissioning of the new technological block "Albion" at Ararat gold recovery plant.
Albion process plant developed by Australian company Xstrata Technology and Core Process Engineering allow significantly increasing the extraction of metal from refractory sulphide ores Zod mine is rich in.
The press service of GPM group in Armenia quotes Siman Povarenkin as saying, "Today we are witnessing a historical event in the development of GeoProMining group of companies. We have made a long and difficult path but thanks to professionalism and perseverance of our project participants our efforts have been successful. I want to thank everyone who helped to realize this project and above all our employees and partners. Today's launch of new technology - this is the beginning of a new stage in the history of our group and a major step in the economic development of the Republic of Armenia as a whole".
GeoProMining's total investments in modernization of Zod mine and Ararat plant has exceeded 140 million US dollars.