Zangezur Copper Molybdenum project is the largest mining operation in Armenia and one of the top 10 producers of molybdenum in the world. The operations of ZCMC started in 1951 during the Soviet period. From 1954 up to 1962 the mine was operated as both an underground and open pit operation and after 1962 the project was exclusively an open pit operation. Zangezur Copper-Molybdenum Combine is located at the south-eastern part of the Republic of Armenia, in the Syunik Region; 30km west of the regional centre of Kapan and around 350km away from the capital Yerevan. The annual production is 22.0 million tons ore per year. ZCMC has consistently been the largest taxpayer of Armenia for most of the last few decades. In 2022 taxes paid by ZCMC exceeded the combined taxes of the next 4 largest taxpayers of Armenia. ZCMC is the biggest employer of the Syunik region, with around 4500. As the demand for both copper and molybdenum grow exponentially on the road to “net zero”, ZCMC is committed to being a responsible producer enabling the transition in Armenia and worldwide.