Relaunching of Coal Mine in Jajur

Published on: 29.08.2020

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“KARIN GEO” CJSC operates in the village of Jajur, Shirak region of the Republic of Armenia. The project aims to restore the Jajur coal mine. The company’s study showed that the Jajur coal mine in the Shirak region is the only one in Armenia that has gray coal.

The total amount required by the company for the re-launch of the Jajur coal mine is 145 million AMD. Requested investment amount is 100 milion AMD. 45 milion AMD will be invested by the “KARIN GEO” CJSC.

The number of employees in case of implementation of the program is planned to increase from 5 to 20.
Investment repayment period is 5 years. ROI is 25 %.

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