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Teghut mine information


Teghut Mine
Open-pit mining at Teghut (summer 2014)
Location
Teghut Mine is located in Armenia
Teghut Mine
Teghut Mine
Location in Armenia
LocationTeghut
ProvinceLori
CountryArmenia
Coordinates41°05′17″N 44°50′47″E / 41.088087°N 44.846274°E / 41.088087; 44.846274
Production
ProductsCopper, molybdenum
Production1.6 million tons of copper
100,000 tons of molybdenum
TypeOpen pit
History
Opened2014 (2014)
Active2014 - Feb 2018
Closed2018 (suspended)
Owner
CompanyVallex Group (via Armenian Copper Programme)
Websitewww.teghout.am
Year of acquisition2001

Teghut Mine is a closed copper and molybdenum open-pit mine in Armenia's northern province of Lori in the village of Teghut with deposits valued at US$15.5 billion (in 2010). In December 2014, Vallex Group launched production operations at the mine, which is a US$380 million project.[1] In February 2018 Vallex Group published a statement announcing suspension of all operations and laying off nearly all staff.[2][3]

The mine was expected become comparable in size to the Kajaran Mine in southern Armenia.

  1. ^ Danielyan, Emil (2014-12-22). "New Armenian Mining Giant Inaugurated". Azatutyun Radiokayan (RFE/RL). Yerevan. Retrieved 2015-08-30.
  2. ^ "ANNOUNCEMENT (02.02.18)". vallexgroup.am. Retrieved 2018-02-22.
  3. ^ "ANNOUNCEMENT (13.02.18)". vallexgroup.am. Retrieved 2018-02-22.

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