Armenia Mining Exports Could Reach $3 Billion in 2027
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Tsaghkadzor – October 30, 2026 -- Armenia's mining exports could reach approximately $3 billion in 2027, driven by the development of the Amulsar mine and rising copper and molybdenum prices, according to Vardan Jhanian, President of the Mining and Metallurgy Association of Armenia and First Deputy CEO of Zangezur Copper Molybdenum Combine (ZCMC).
Jhanian spoke at the third annual Mining Armenia Forum 2026, which drew around 50 speakers from Armenia and 14 other countries and featured more than 30 presentations, panels and roundtables. He said growth must come with minimal impact on nature and surrounding communities, which he said requires adopting best sustainable-development standards.