Zangezur Copper Molybdenum Combine
“Zangezur Copper Molybdenum Combine” Closed Joint Stock Company (ZCMC) is a leading Armenian mining company with headquarters in Kajaran, Armenia. ZCMC operates large, long-lived, assets with significant proven and probable reserves of molybdenum and copper.
The Company mines and processes the earth's mineral resources essential for making thousands of everyday products that meet society's needs and contribute to improved living standards. The largest in the region open pit mine extracts copper and molybdenum rich ore which is then processed to produce two separate concentrates.
As an industry leader, ZCMC demonstrate proven expertise in both technology and production methods, which consist of open-pit mining, and in-plant ore processing. The operations also comprise waste dumps, associated mine infrastructure and tailings.
Being a part of CRONIMET group of companies allows ZCMC successfully utilize experience and expert knowledge with reliability, competence and global partnership, have access to global metal and financial markets. Group businesses also put sustainable development at the heart of their operations. For ZCMC it is important that the environmental effects of its activities are kept to a minimum and that local communities’ benefit as much as possible from operations.
The Company was established as a state owned enterprise in 1951. In 2004 ZCMC was privatized and currently the owners are: the CRONIMET Mining AG (60% of shares), “The Plant of Pure Iron” OJSC (15% of shares), Armenian Molybdenum Production Ltd. (12.5%) and Zangezour Mining Ltd (12.5%).
Օfficial web-site of the “Zangezur Copper Molybdenum Combine” CJSC - www.zcmc.am