Kapan Mining and Processing CJSC is located in Armenia, 320km to the south east of the capital, Yerevan. It is found in a district dominated by the mining industry, with the Kajaran copper-molybdenum mine and a number of smaller production facilities operating alongside Kapan.
The Kapan Mine and Processing Company was acquired by Chaarat in early 2019 for a consideration of US$55 million.
The acquisition was an important milestone in achieving Chaarat’s goal of building a leading emerging markets gold company with an initial focus on Central Asia and the FSU through organic growth and selective M&A. It demonstrates the Company’s ability to execute deals quickly, diligently and on accretive terms.