Teghout CJSC: 10 years of ore mining and processing activities
2006 – Founding of “Teghout” CJSC
“Teghout” CJSC was established to develop the Teghout Deposit in the Lori region – the second largest copper and molybdenum Deposit in the Republic of Armenia.
Copper-molybdenum ore reserves at the Deposit are estimated at 450 million tons, the approved reserves of Molybdenum at the Deposit are about 100 thousand tons, copper – 1.6 million tons.
2006 – 2013 – Major engineering and building work of the Teghout Mining and Processing Plant
For the construction of the Teghout Mining and Processing Plant the allotment of a land plot with a total area of more than 700 hectares was issued, including 357 hectares forest area.
1000+
jobs
677 ha
of restored green area
2.8 mln
in community support
160 mln
tonnes of mined rock mass
History of study and development
The presence of molybdenum occurrences in the quartz veins of the Manstev Gorge, located southeast of Teghut village, was first discovered in the second half of the 1930s.
Prospecting and surveying activities conducted between 1956 and 1959 confirmed significant accumulations of copper-molybdenum ores in the specified area.
Geological exploration work, which led to the discovery of the deposit, began in the 1970s and continued for 20 years.
