SCR, GeoProMining sign cooperation agreement

December 1, 2009 - 14:28 AMT
PanARMENIAN.Net - South Caucasian Railways and GeoProMining signed Tuesday an agreement on strategic partnership and cooperation. The agreement stipulates for offering complex transportation services to GeoProMining Ltd. The services will include gold ore transportation from Sotk mine to Ararat enrichment plant.



"The agreement aims at transportation services' quality improvement and optimization of transportation expenditures," SCR director general Shevket Shaydullin said.



GeoProMining Ltd. director general Roman Khudoliy, for his part, expressed intention to increase metal mining industry volumes within three years, using updated technologies and ore dressing equipment.



Additional investments will allow South Caucasian Railways CJSC to increase annual capacity of Sotk-Vardenis-Hrazdan-Ararat branch line up to 2 million tons.
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