YEREVAN (Armenpress)–The oldest industrial enterprise in Armenia–a smelting plant in the town of Alaverdi will mark its 230th anniversary from November 17 to 18.
The festive events will include an international conference on copper-ore mining and processing industry and prospects for the development of Alaverdi plant in the 21st century. Also–a site for construction of a new church with blessing of His Holiness Catholicos of All Armenia’s Karekin II will take place.
Following the USSR collapse and economic crisis that had emerged in the first years of independence–the plant did not operate for nearly eight years. Its operation resumed in 1997 after it was privatized by the Manes & Valex company.
Today the plant employs 500 people and yields 20 to 25 tons of copper per day. The plant is expected to smelt up to 35 thousand tons of copper per year. Valeriy Mejlumian–head of the plant–told Armenpress that copper production is one of the most profitable sectors of the Armenian industry. Mining works is expected to start in the neighboring settlemen’s of Akhtala and Shamlukh.