YEREVAN. – Companies extracting useful minerals in Armenia must register the extracted and repaid minerals daily in special journals from now on.

The registrations also indicate losses while processing the minerals. The draft of such a decision will be submitted to the Government seating on Wednesday. The decision is based on the Code ‘On Subsoil’, adopted in November, 2011. For metallic deposits the registration of recovered reserves is needed to calculate royalty. Regulations apply to deposits of metallic and nonmetallic minerals, as well as groundwater wells.