The Russian company is looking into the chances of extraction of lead in Armenia, Polymetal Management Company President Igor Finogenov told Armenian News-NEWS.am.
At present, the company experts are trying to determine whether the Kapan (Shahumyan) mine in Armenia has a sufficient amount of lead so that the extraction of its concentrate will be beneficial.
“A lot rides on the prices,” added Finogenov. “In the case of lead, prices are unstable, with a quite major trend of decline.”
And therefore the final decision will be made by considering all these factors.
Even though there is lead in the Kapan mine, Polymetal hopes that it will be found in the concentrates of extracted gold, copper and zinc; and as a result, their value could reduce.
