The Eurasian Development Bank (EADB) will support the expansion program of the Zangezur Copper-Molybdenum Combine (ZMCC). According to a statement from ZMCC's press service, EADB will provide funding of $120 million:
The funds will be used for the implementation of an investment program aimed at increasing ore processing volumes:
EADB's Senior Executive Director Sergey Ignatov noted that the financing will help improve the efficiency of the production cycle:
