After negotiations lasting almost a year and half, in Beijing an initial contract was signed between Vallex Group of Companies and Chinese CITIC Construction state company on constructing of a new copper-chemical plant in Armenia. Under another contract, Vallex Group will also receive low-cost credit lines for financial stability and improvement.
On December 18, 2017 during the visit to China of the delegation headed by Vallex Group Companies Chairman Valeri Mejlumyan, the following agreements have been signed with the Chinese part:
1. Agreement between Vallex Group and CITIC Construction, on the construction of a new copper and chemical plant;
2. Agreement between Vallex Group and CITIC Construction on implementation of the design works'
3. Agreement between Vallex Group and CITIC Metal, on supporting the refinancing of "Teghout" project and on concentrate provision.
Media coverage on: Public TV Company of Armenia