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Reports & Results

As a result of the survey of operational and financial activities of ZCMC CJSC, the credit rating of the Company in foreign currency has risen from B3 to B2, from "developing" to "stable".

Documents

Corporate Presentations

In progress
Corporate presentation

Activities in Figures

Sales volumes for 2023

20
Top

Largest Molybdenum Producers in the World

11.1
thousand tons

Molybdenum concentrate

7.2
thousand tons

Ferromolybdenum

203.4
thousand tons

Copper concentrate

Impact on the national and regional economy in 2023

National level
Regional level
Development
  • Contribution to GDP

    The activities of ZCMC CJSC significantly impact the gross domestic product of Armenia. The company is the largest supplier of foreign currency due to its contribution to exports, strengthening the economic stability of the country.

  • Tax Revenue

    Being the largest taxpayer and a large enterprise, the Company provides stable income to the state through tax revenue and through creation of direct and indirect economic value.

$796.9
million

Earnings

$181
million

Payments to the state

  • Job Creation

    ZCMC JSC is a major employer in the region, providing jobs and thus maintaining a stable socio-economic environment.

  • Supporting Local Businesses

    By collaborating with local suppliers and support services, the company increases the income of small and medium-sized enterprises in the surrounding area.

$92.8
million

Salaries and benefits

15
thousand people

Indirect economic impact on employment

  • Socio-economic Planning Aimed at Community Development

    Since 2021, socio-economic planning has been shifting towards a more localized approach, ensuring that immediate communities benefit more directly from ZCMC activities.

  • Extended Employee Training Programs

    A new approach to personnel training maintains high qualification which contributes to both individual growth and increased performance of the entire Company. A training center has been founded that is responsible for the professional development of ZCMC employees.