Mining in Armenia

Lydian Armenia

Lydian Armenia is a mining company registered in the Republic of Armenia and the holder of mining rights for the Amulsar gold mine. The company was founded in 2005. The Amulsar deposit, discovered through large-scale geological exploration by Lydian Armenia, is the first—and remains the only - mineral deposit discovered since Armenia’s independence. In recognition of this achievement, Mining Journal awarded Lydian the “Outstanding Achievement” prize in 2011 for the discovery and exploration of Amulsar. From the outset of its operations in Armenia, Lydian Armenia has introduced international best practices in health and safety, environmental management, and social responsibility. Notably, it was the first company in the country to conduct a full Environmental and Social Impact Assessment (ESIA) for the Amulsar project, meeting the standards of the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC). Through its activities, Lydian Armenia helped position Armenia on the global mining map, drawing the attention of leading scientific institutions and mining experts worldwide. In December 2024, Lydian Armenia entered into a strategic partnership with the Government of Armenia, with the state acquiring a 12.5% stake in the company.

51 to 200 staff

International Chamber Of Mines Of Armenia

The International Chamber of Mines of Armenia (ICMA) is an independent institution within Armenia's mining landscape, prioritizing sustainable development and global competitiveness in the sector. ICMA, an independent, non-profit organization, is positioned to play a crucial role in aligning Armenia's mining practices with international standards, ensuring the responsible utilization of its mineral resources. Armenia, endowed with potential reserves of copper, molybdenum, gold, and other valuable metals, has a historic mining heritage stretching back centuries. Today, the country is positioned to contribute substantially to the global demand for critical raw materials, essential for the green energy transition. This includes materials necessary for renewable energy technologies, electric vehicles, and other sustainable solutions. ICMA's efforts are geared towards harnessing Armenia's potential as a key supplier in the global mining industry, advocating for environmental sustainability, social responsibility, and governance (ESG) standards. By fostering international partnerships and attracting foreign investment, ICMA aims to modernize Armenia's mining sector, incorporating advanced technologies and best practices to mitigate environmental impacts and enhance socio-economic benefits. The Chamber's initiatives include promoting geological studies, engaging in policy advocacy to influence mining-related public policies. These efforts are instrumental in positioning Armenia as an important player in the field, contributing to the welfare of its population through technological advancement and higher environmental standards. ICMA's strategic focus on sustainability, collaboration with government bodies, and commitment to ESG principles underscore its important role in Armenia's mining industry's future. As the sector faces global challenges and opportunities, ICMA's leadership is crucial in steering Armenia towards a more sustainable and prosperous mining future.

1 to 10 staff

Made To Make

11 to 50 staff

At Group Llc

AT GROUP” LLC is one of the leading companies in Armenia that was founded in 2019 and conducts geological exploration studies. “AT GROUP” is a Gold and Base metal exploration and development company focused on Vazashen Project in Armenia. Vazashen is a massive sulfide vein-type deposit. The company's primary requirement for professionals is to strictly observe the environmental protection requirements and norms set by the legislation. During the term of its activity the Company implements social programs, which aim is to improve the quality of life of the employees and people living in the affected communities.

11 to 50 staff

Armenian Copper Programme Cjsc

1 to 10 staff

Gegamet

Gegamet Plus CJSC company was created in December 2008 to explore the chromite deposits of Geghama mountains in the Republic of Armenia. The production capacity is expected to increase from current tones/month to tones/month from February 2010, making Gegamet one of the leading exporters in Armenia.

51 to 200 staff

Aragats Perlite Ojsc

Aragats Perlite OJSC is the manufacturer of Aragats perlite deposit. The company is the total successor of the former “Aragats Perlite” plant, which was founded in 1961, productivity of which in the late 80’s was 850-950 thousand tons per year. Consumers of Aragats perlite were all countries of former Soviet Union, as well as Italy, Belgium, Spain and other European countries. The area of the plant is 23.5 hectares, area of the pit is 79.8 hectares. Main consumer of Aragats perlite is the American company “Dicalite”. Famous companies from Russian, Ukrainian, German, Chinese, Arabian and from other countries are interested in the product. Производитель ОАО “Арагац Перлит” является производителем Арагацкого месторождения перлитов. Общество является правопреемником бывшего завода,Арагацкий Перлит”, который был основан в 1961 году, производительность которого в конце 80-х годов составил 850-950 тыс. тонн в год. Потребителями Арагацкого перлита являлись все страны бывшего союза, а также Италия, Бельгия, Испания и другие страны Европы. Основным потребителем Арагацкого перлита является Американская компания “Dicalite”. Продукцией заинтересованы знаменитые предприятия России, Украины, Германии, Китая, Арабских стран и др. Завод в настоящее время имеет 30 сотрудников.

11 to 50 staff

Zangezur Copper Molybdenum Combine Zcmc

Zangezur Copper Molybdenum Combine is the largest taxpayer and one of the top employers of Armenia. Our products- copper and molybdenum enable development and are critical for “green transition”. We strive to improving our ESG performance and have set an ambitious goal of becoming an exemplary mining project in the region.

1001 to 5000 staff

Lydian International Limited

Lydian is a gold developer focusing on construction at its 100%-owned Amulsar Gold Project, located in south-central Armenia. Amulsar will be a large-scale, low-cost operation with production expected to begin in 2018. Gold production is targeted to average approximately ounces annually over an initial 10-year mine life, making Lydian one of the largest gold producers to emerge during 2018. Open pit mining and conventional heap leach processing contribute to excellent scale and economic potential. Estimated mineral resources contain 3.5 million measured and indicated gold ounces and 1.3 million inferred gold ounces as outlined in the Q1 2017 Technical Report. Existing mineral resources beyond current reserves and open extensions provide opportunities to improve average annual production and extend the mine life. Lydian is committed to good international industry practices in all aspects of its operations including production, sustainability, and corporate social responsibility.

11 to 50 staff