Thursday, August 15 2019 18:50
Alina Hovhannisyan

A Bulgarian company initiated by Teghout in September will conduct an  examination of the Teghut mining project

A Bulgarian company initiated by Teghout in September will conduct an  examination of the Teghut mining project

ArmInfo. The Bulgarian company, on the initiative of Teghut CJSC, will conduct an  examination of the Teghut mining project in September, in particular,  geotechnical and hydrogeological studies of the stability of the  tailings and dam. This is stated in the official statement of the  Ministry of Territorial Administration and Infrastructures of the  Republic of Armenia.

According to the source, the parties have already signed an agreement  with the Bulgarian company for the necessary research activities.  "The entire examination process will be under the direct control of  the Bulgarian side, and the results will be ready in 7-8 months," the  report said.

The press service of the department also reports that earlier the  ministry held a meeting of the Deputy Minister of Territorial  Administration and Infrastructures of the Republic of Armenia Lilia  Shushanyan with the Director General of Tekhut CJSC Vladimir  Nalyvaiko and the Executive Director of the company Karen Ghazaryan.  During the meeting, the Deputy Minister emphasized the importance of  maintaining a transparent work style in the framework of relations  between the public and state bodies, especially on issues that are in  the focus of public attention.

Recall that the program for the operation of the Teghout  copper-molybdenum deposit was approved by the Armenian government in  November 2007. By reserves, the Teghut deposit is the second in the  republic after the Kajaran copper and molybdenum deposits in Syunik.  Back in 1972, large-scale geological exploration work was carried out  here, according to the results of which reserves of 450 million tons  of ore with a content of 1.6 million tons of copper and 99 thousand  tons of molybdenum were confirmed. Due to environmental problems, the  project was suspended in February 2018, which had a negative impact  on the country's economy.

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