Minister of Economy Vahan Kerobyan wrote on his Facebook page:

“In July 2021, the Ministry of Economy came up with a “mineral” initiative: an additional temporary license fee was imposed on the export of copper and molybdenum concentrate, taking into account the sharp rise in prices of these two metals in 2021, as a result of which most of the additional profit would remain in the state budget. The law came into force on 4 September, during this period more than 4 billion drams have already been paid.

By the way, we have already initiated the development and introduction of a new system for taxation of metal mines.”