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GeoProMining Will Invest Upwards of $7 Million to Modernize Sotk Mine

The GeoProMining company has allotted 5 million USD, within the framework  of its technical re-equipment program, to expand its Sotk mine operation during this current year . The program includes capital investments in technical re-equipment of the mine to improve the technical-economic level of production through introduction of advanced equipment and technology, mechanization and automation of production, modernization and replacement of outdated and physically worn-out equipment with new, more productive equipment, and also to improve the common facilities and support services.  The company has acquired  10 BelAZ dump trucks with 45-ton capacity, several Caterpilar bulldozers, and 6 Atlas Copco loader and drilling machines. In July, a hydraulic excavator RH-90C of the American company BUCYRUS arrived in Armenia,а first in the history of mining in Armenia equipment . It is operated in conjunction with four dump trucks BelAZ-75131 with carrying capacity 130 tonnes. By year's end, it is planned to acquire a 12-ton forklift, crushing and sorting complex, as well as to build a hangar for repair of 130 ton heavy dump trucks. Under the plan, another 2 million dollars for these objectives will be spent. The world's leading manufacturers of heavy mining equipment, such as Caterpiller, Atlas Copco, Belaz, Terex, Busyrus nternational are suppliers of the GeoProMining Group of Companies. Each year GeoProMining takes part in international exhibitions of mining equipment and technology in Europe, the USA, China, Australia as well as in the annual exhibition,, WORLD MINE EXPO,, on innovative technologies of mining industry. Technical staff of the company regularly undergo training at factories of manufacturers on the use of the equipment.

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