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[PDF] Information on CRONIMET and its subsidiaries in Armenia

The CRONIMET Group…is an internationally successful positioned group of companies in mining, metallurgy, trading and recycling of alloying raw materials for the stainless steel industry…CRONIMET started its activities in Armenia in mid-90s…forming joint venture with “Plant of Pure Iron” which is engaged in production of molybdenum and ferromolybdenum. CRONIMET is the owner of control package of the “Plant of Pure Iron” shares. In 2004, CRONIMET started negotiations on acquisition of Zangezur Copper Molybdenum Combine, ZCMC shares and in early 2005 final transaction of purchasing 60% of shares was implemented…“Zangezur Copper Molybdenum Combine” Closed Joint Stock Company (ZCMC) is a leading Armenian mining company…the largest producer of molybdenum and copper in the South Caucasus region. ZCMC is one the largest employers in Armenia having more than 3.200 employees…

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