Armenian State University of Economics (Yerevan, Armenia)

Grigoryan A. Z., Lecturer, Associate Professor, Candidate of Economic Sciences, ani.grigoryan@asue.am

Poole College of Management, North Carolina State University (Raleigh, USA)
Verhallen P., PhD, Professor

This research aims at the analysis of economic value of the mineral processing industry in Armenia, with spotlight on the Zangezur Copper–Molybdenum Combine (ZCMC). The analysis integrates economic and ecological aspects, and the strategic role of the mining industry in the national development of Armenia. The article offers a structural and technological review of activities of ZCMC, including production stages of copper and molybdenum concentrates, mineral processing methods, and volumes of production. Emphasis is laid on contribution made by ZCMC to industrial production (10–15%) and export (25–30%) of Armenia owing to sales of mineral concentrates. In addition, the socio-economic effects of activities of ZCMC are discussed, including job creation, infrastructure development and integration of local communities.

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