 Open-pit mining at Teghut (summer 2014) | |
| Location | |
|---|---|
  Teghut Mine Location in Armenia | |
| Location | Teghut |
| Province | Lori |
| Country | Armenia |
| Coordinates | 41°05′17″N 44°50′47″E / 41.088087°N 44.846274°E |
| Production | |
| Products | Copper, molybdenum |
| Production | 1.6 million tons of copper 100,000 tons of molybdenum |
| Type | Open pit |
| History | |
| Opened | 2014 |
| Active | 2014 - Feb 2018 |
| Closed | 2018 (suspended) |
| Owner | |
| Company | Vallex Group (via Armenian Copper Programme) |
| Website | www |
| Year of acquisition | 2001 |
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 2010). In December 2014, Vallex Group launched production operations at the mine, which is a US$380 million project.[1] In February 2018 Vallex Group published a statement announcing suspension of all operations and laying off nearly all staff.[2][3]
The mine was expected become comparable in size to the Kajaran Mine in southern Armenia.
- ^ Danielyan, Emil (2014-12-22). "New Armenian Mining Giant Inaugurated". Azatutyun Radiokayan (RFE/RL). Yerevan. Retrieved 2015-08-30.
- ^ "ANNOUNCEMENT (02.02.18)". vallexgroup.am. Retrieved 2018-02-22.
- ^ "ANNOUNCEMENT (13.02.18)". vallexgroup.am. Retrieved 2018-02-22.