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Mining Giant Becomes Armenia’s Largest Taxpayer
Aug. 10, 2011 05:31PM PST
Industrial Metals Investing
Radio Free Europe reported that Zangezur Copper and Molybdenum Combine is now the largest taxpayer in Armenia.
Radio Free Europe reported that Zangezur Copper and Molybdenum Combine is now the largest taxpayer in Armenia.
The market news is quoted as saying:
The surge is the result of a strong rally in the prices of nonferrous metals — particularly molybdenum — on world markets this year. The price of molybdenum had plummeted during the 2009 global recession.