Re-launch of Teghut mine possible, says minister

YEREVAN, JANUARY 31, ARMENPRESS. The Teghut mine might get re-launched, according to Minister of Economic Development and Investments Tigran Khachatryan.

Asked by reported today about the chances of Teghut resuming operations, the minister said: “Yes, there is hope, nothing is hindering for them to start restoration works after clarifying their relations with the bank,” he said.

In 2017, Teghut produced and exported 120 million dollars worth of product, and its halt impacted industrial growth in 2018.

The mine in Armenia's northern province of Loriceased operations due to financial troubles.

Edited and translated by Stepan Kocharyan