Yerevan, November 23, Armenpress: Trade and economy development minister Karen Chshmaritian said today that Armenian and German experts are giving now the final strokes to an agreement under which 75 percent of shares in Zangezur copper and molybdenum enterprise will be sold to German Cronimet companies, 12.5 percent to AMP company and as many to Zangezur Mining company.

Under the agreement that will be signed on December 5 the enterprise will be managed in the next 5-7 years by the Zangezur Mining Company. The Cronimet will pay $130 million for 100 percent of shares. Another clause of the agreement provides that if Cronimet secures more than $20 million income in 2005-2006, it will pay 32 percent to Armenia as extra payment for shares.

Chshmaritian said the real volume of investments may be clear after a feasibility examination no sooner than next June.