Teghut Mine Acquired by American Company Led by Konstantin Sokolov

The Teghut copper-molybdenum mine has been acquired by an American company led by Konstantin Sokolov, who was recently appointed head of the TRIPP+ trade fund passing through Armenia. It was previously reported that he was interested in acquiring the mine, which had been transferred to the Russian VTB bank in exchange for debt obligations. This is the second major Western investment project in Armenia's mining sector after the Amulsar gold mine.