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The Owners of Armenia's Gold: Straddling Three

GPM Gold also operates the Ararat Gold Extraction Plant. In addition to GPM Gold, the parent company also operates the Agarak Copper Molybdenum Mine Complex in the extreme south of Armenia. So, let’s try to make some inroads regarding who owns what. Hetq wrote to Armenia’s Ministry of Energy Infrastructures and Natural Resources as to the current shareholders of GPM Gold

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currently upgrading the Ararat gold plant with Xstrata Technology’s innovative Albion Process, with support from engineering specialist Core Process Engineering. About Albion The Albion Process was developed in 1993 and is patented worldwide. The technology is expected to enable GPM Gold, an Armenia based subsidiary of the GeoProMining group that operates the Zod mine and Ararat gold

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