Kapan mine

Last updated
Kapan mine
Kapan,Dundee-mine1.jpg
Location
Syunik Province
Country Armenia
Production
Products Gold, silver, copper, zinc

The Kapan mine is one of the largest gold mines in the Armenia. [1] The mine is located in the south-east of the country in Syunik Province. [1] The mine has estimated reserves of 5.15 million oz of gold and 95.6 million oz of silver. [1] The mine also has ore reserves amounting to 335.8 million tonnes grading 0.11% copper and 0.41% zinc. [1]

Mine is operated by “Kapan Mining and Processing Enterprise” CJSC.

Chaarat Gold Holdings Limited acquired 100% of shares of “Kapan Mining and Processing Enterprise” CJSC for US$55M from a company listed on the same stock exchange which is a subsidiary of Russian Polymetal Group. [2]

Related Research Articles

Zangezur Copper-Molybdenum Combine (ZCMC) is the largest mining company in Armenia and one of the 10 leading molybdenum producers in the world. The history of ZCMC goes back to the Soviet era. In the spring of 1952, the combine released its first serial product. Initially, the mine was operated by combining underground and open pit mining. From 1957-1959 – the operation was solely open pit mining. Zangezur Copper-Molybdenum Combine is located in the southwestern part of the Republic of Armenia, in the city of Kajaran of the Syunik region of Armenia, 30 km west of the regional center Kapan and about 350 km from the capital Yerevan. The annual production as of 2023 is 22 million tons of ore per annum. ZCMC is the largest taxpayer of the Republic of Armenia and the largest employer of Syunik region for most of the last decade. As of 2023, it has around 4,500 employees.

Gold mining in Alaska, a state of the United States, has been a major industry and impetus for exploration and settlement since a few years after the United States acquired the territory in 1867 from the Russian Empire. Russian explorers discovered placer gold in the Kenai River in 1848, but no gold was produced. Gold mining started in 1870 from placers southeast of Juneau, Alaska.

Coeur Mining, Inc. is a precious metals mining company listed on the New York Stock exchange. It operates five mines located in North America. Coeur employs 2,200 people and in 2012 it was the world's 9th largest silver producer. In 2013 the company changed its name to Coeur Mining, Inc. from Coeur d'Alene Mines and moved its head office to Chicago, Illinois from Coeur d'Alene, Idaho.

<span class="mw-page-title-main">Mineral industry of Armenia</span>

The mineral industry is one of the main sectors of the Armenian economy and in 2017 accounted for 30.1% of its exports.

The mineral industry of Russia is one of the world's leading mineral industries and accounts for a large percentage of the Commonwealth of Independent States' production of a range of mineral products, including metals, industrial minerals, and mineral fuels. In 2005, Russia ranked among the leading world producers or was a significant producer of a vast range of mineral commodities, including aluminum, arsenic, cement, copper, magnesium compounds and metals, nitrogen, palladium, silicon, nickel and vanadium.

Taseko Mines Limited is a mid-tier copper producer located in British Columbia, Canada. It operates Gibraltar Mine, the second largest open-pit copper mine in Canada, and is in the planning stages for several other mines including the Prosperity Mine, Harmony, and Aley. All production is sold at non-hedged market based prices. The market capitalization currently is roughly 740 million dollars.

The Telfer Mine is a gold, copper and silver mine located at Telfer on the land of the Martu people, in the Great Sandy Desert of Western Australia. It is owned by Newmont, having acquired the previous owner, Newcrest Mining, formerly the largest gold producer listed on the Australian Securities Exchange, in November 2023.

There are different methods by which gold mining companies are ranked. One is by their annual production. Another is by their cash cost per ounce, that is, how much money it costs them to mine the gold. Since gold prices are the same everywhere, companies with lower costs per ounce make more profit. The most common method lists by market capitalization which considers the total value of capital holdings by that company. Also considered when comparing companies is their market capitalization per ounce of gold equivalent which takes the market value and total reserves and resources for each company as well as the price of gold into consideration. The figures for each company can be used to determine the value the stock market gives to each company's reserves on an ounce to ounce basis.

Rovina mine is a proposed open pit mine in the west of Romania in Hunedoara County, 18 km north of Deva and 388 km north of the capital, Bucharest. Rovina is a large gold and copper deposit with estimated reserves of 4 million oz of gold and 244,000 tonnes of copper, and the largest proposed copper-gold project in the EU. The project is wholly owned by the Toronto-based company Eurosun Mining,.

The Colnic mine is a large open pit mine in the west of Romania in Hunedoara County, 30 km north of Deva and 400 km north of the capital, Bucharest. Colnic represents a large gold and copper deposit with estimated reserves of 2.15 million oz of gold and 135,000 tonnes of copper. The project is owned by the Toronto-based company Carpathian Gold.

The Cireșata mine is a large open pit mine in the west of Romania in Hunedoara County, 30 km (19 mi) north of Deva and 400 km (250 mi) northwest of the capital, Bucharest. Cireșata represents a large gold and copper deposit with estimated reserves of 4.18 million oz of gold and 174.4 million tonnes of copper ore grading 0.15% copper. The project is owned by the Toronto-based company Carpathian Gold.

<span class="mw-page-title-main">Kajaran</span> Town in Syunik, Armenia

Kajaran is a town and the centre of the Kajaran Municipality of the Syunik Province in southern Armenia. It is located 356 km south of the capital Yerevan, 25 km west of the provincial centre Kapan, and 50 km north of the Armenia-Iran border.

<span class="mw-page-title-main">Teghut mine</span> Mine in Armenia

Teghut Mine is a closed copper and molybdenum open-pit mine in Armenia's northern province of Lori in the village of Teghut with deposits valued at US$15.5 billion. In December 2014, Vallex Group launched production operations at the mine, which is a US$380 million project. In February 2018 Vallex Group published a statement announcing suspension of all operations and laying off nearly all staff.

Mining in North Korea is important to the country's economy. North Korea is naturally abundant in metals such as magnesite, zinc, tungsten, and iron; with magnesite resources of 6 billion tonnes, particularly in the North and South Hamgyong Province and Chagang Province. However, often these cannot be mined due to the acute shortage of electricity in the country, as well as the lack of proper tools to mine these materials and an antiquated industrial base. Coal, iron ore, limestone, and magnesite deposits are larger than other mineral commodities. Mining joint ventures with other countries include China, Canada, Egypt, and South Korea.

The Borska Reka mine is a large copper mine located in the east of Serbia in Bor District. Borska Reka represents one of the largest copper reserve in Serbia and in the world having estimated reserves of 1 billion tonnes of ore grading 0.53% copper. The mine also has gold reserves amounting to 4.4 million oz and 36.3 million oz of silver.

<span class="mw-page-title-main">Majdanpek mine</span>

The Majdanpek mine is a large copper mine located in the east of Serbia in Bor District. Majdanpek represents one of the largest porphyry copper reserves in Serbia and in the world having estimated reserves of 619.5 million tonnes of ore grading 0.33% copper. The mine also has gold reserves amounting to 7.68 million oz and silver reserves of 56 million oz.

The Carrapateena mine is a large copper mine under development in South Australia's Far North region 100 km southeast of Olympic Dam and approximately 160km north of Port Augusta. Carrapateena represents one of the largest copper reserves in Australia and in the world having estimated reserves of 292 million tonnes of ore grading 1.31% copper and 3.64 million oz of gold. It was discovered by explorer and metallurgist Rudie Gomez in 2005. The project was acquired by OZ Minerals in 2011, and the project was referred to the EPBC Act for Federal environmental approval in 2012. Construction of the decline to access the mine commenced in 2016. The mining technique used to extract the ore is sub-level caving.

The Mirador mine is a large copper mine located in the Amazonian province of Zamora-Chinchipe in southern Ecuador. It is one of the largest copper reserves in Ecuador, and the first industrial-scale copper project to be developed in the country. The project has generated an environmental conflict that is emblematic in the national political debate on mining.

The Karakul deposit is one of the largest cobalt deposits in Russia. The deposit is located in Altai Republic. The deposit has reserves amounting to 180 million tonnes of ore grading 0.33% cobalt, 1.5% copper, 0.11% nickel and bismuth, 0.4% tungsten, 4.6 million oz of gold and 57.6 million oz of silver.

The metallurgical production of the Republic of Azerbaijan is considered high due to the large deposits of alunite, polymetallic ores, deposits of iron ore, etc. The metallurgy industry of Azerbaijan encompasses both ferrous and non-ferrous branches.

References

  1. 1 2 3 4 "Kapan Gold/Copper Mine". dundeeprecious.com. 2013. Archived from the original on 2013-08-29. Retrieved 2013-06-26.
  2. LLC, Helix Consulting. "Three Armenian Banks Finance Significant Investment Deal of Armenian Company - aysor.am - Hot news from Armenia". www.aysor.am. Retrieved 2019-03-17.