GeoProMining Back in Operation; 900 Workers Employed
[ 2009/08/10 | 14:50 ]GeoProMining’s press office states that on June 30 Agarak Copper-Molybdenum Combine resumed operation. Presently the Combine employs 900 employees. The company is now paying employee wages on a regular monthly basis.
Presently, an anti-crisis program is underway which aims at reduction of prime cost and increase of competitive capacity of production. The program suggests a systematized approach, including capital investments with the goal to modernize production and raise qualification of employees, as well as make changes in organizational structure.
It is important to mention that in relation to economic crisis, operation of the Combine was temporarily stopped. From the moment of its stoppage, in February of 2009, 500 employees continued repair-reconstruction activities, being paid their full wages, 400 people were forced to take paid leave, receiving two thirds of the amount of their wages.
GeoProMining Group is specialized in mining and ore-dressing of complex ore (copper, molybdenum, antimon) and precious metals (gold, silver). GeoProMining Group has a diversified production structure and markets. The mines and processing plants of the company are located in Armenia, Georgia and Russia.
