Advertisment
Advertisment
Exchange rate of dram against US dollar and EUR
RGD-5 hand-grenade found in a bus in Armenia
Directors Across Borders project to be presented at Golden Apricot Film Festival in Yerevan
Armenian and Turkish filmmakers to meet in Yerevan
Transparency International: Ethics Commission "covers" the head of the State Revenues Committee
Prosperous Armenia Party threatens to make public a talk of Gagik Tsarukyan and Raffi Hovannisian
Exchange rate of dram against US dollar and EUR
Administrative Court of Armenia to deliver verdict on Barev, Yerevan Bloc's claim on May 20
Vice Speaker: Genocide of Pontic Greeks inseparable element of Armenian Genocide in Ottoman Empire
Ameriabank awarded a status of the most active issuer by EBRD
Hovanes Igityan: Today’s Armenia reminds me of the last years USSR
Parents protesting against murder of serviceman attempt to break into Government building
Relatives of killed soldier are back home after meeting with Seyran Ohanyan
Coffin of killed soldier to be carried to Yerevan
Coffin of killed soldier to be carried to Yerevan
Ameribank first Armenian bank to receive status of EBRD confirming bank-partner
Back to forest to collect firewood
Head of Azerbaijani Armenians Assembly to run for president in Azerbaijan
Communist: Rise in gas price will affect people's social security
Armenia abstains from voting on UN resolution on Syria
Azerbaijan considers legislatively prohibiting foreigners to enter Nagorno-Karabakh
Newspaper: Ruling Republican Party encourages best falsifiers with $20,000-25,000 "bonuses"
Armenian Genocide Truth and Justice Act introduced in U.S. Congress
One more fire at Spayka put out
Armenia qualifies for Eurovision 2013 final
Asian Development Bank to deliver $25 mln for upgrading of Sevan-Razdan Cascade power plant
Akhtala mining and concentration complex's activity spells an environmental disaster
RPA Vice Chairman: Government of Armenia to soften consequences of rising gas price for population
Fire at Spayka Company building damages 10,000 tons of goods and refrigeration block
Action of protest against gas price hike continues in Yerevan
Catholicos-Patriarch of All Georgia is Against Rally to Support LGBT in Tbilisi
Ivanishvili States about Georgia's Role as Transit Corridor between the West and the East
SOCAR has options of efficient use of Baku-Novorossiysk pipeline
SOCAR not opposed to pumping of oil via Baku-Novorossiysk pipeline
Baku-Novorossiysk pipeline through the prism of Transneft
Ivanishvili Meets PACE President in Strasbourg
Georgia, RF Delegations to Hold Full-Format Meeting in PACE
1% of Respondents Willing to See Saakashvili on President's Post Again
The next meeting on the status of the Caspian Sea will be held in Tehran
To strengthen the fight against people trafficking
Mamedyarov meeting with Lieberman
Tbilisi Days to be Held in Prague Next Week - City Hall
Saakashvili a 'Puppet' in Russia's Hands - Zakareishili
Georgian Foreign Minister is Visiting Canada
Georgia and USA Discuss Deepening of Cooperation in Security Sphere
Georgian Premier Discusses Current Events in the Country with Dieter Boden
"Open house" for the media held in SCS
Baku to host Azerbaijan-Macedonian business meeting
Israel Released Program of Mammadyarov's Visit
Ilham Aliyev allocates one million manta for the executive power of Sabirabad
Hovanes Igityan: Today’s Armenia reminds me of the last years USSR
Mikayel Hayrapetyan: The West cannot change power in Armenia yet
Andrey Areshev: There are objective restraints to the United States’ policy in Armenia
Bulgarian Ambassador to Armenia is pleased with cooperation between two countries
Mateusz Piskorski: Armenia will shortly start negotiations on joining Eurasian Union in 2014
Head of “MIKA PROGRASSTECH”: Hi-tech companies of Armenia - a basis of the export-oriented economy
Ambassador of Brazil: Distance is not an obstacle if there is mutual interest
Ishkhan Mkhitaryan: Armenian Card: Good news coming soon!
Aram Karapertyan: Serzh Sargsyan's legitimacy is on Raffi Hovannisian's head
Ernst & Young: We do not compromise in the quality of our services or our independence
Mayor of Jermuk - Geoteam: Jermuk residents prefer tourism to mining industry
- Thursday, June 14, 00:08
Mayor of Jermuk Vardan Hovhannisyan has sent an open letter to Geoteam, a company planning to develop the Amulsar gold mine.
"We urge you not to distract the public from the damage mining causes to the environment and human health and to inform the local population and experts about your activities and ensuing risks," the Mayor says, noting that Geoteam's risk assessments are deficient and skin-deep, with very little said about the impact rock blasting at Amulsar may cause to Jermuk's mineral spring system.
"Hence, we insist that the Nature Protection Ministry recognize Jermuk as a community that may be damaged by the Amulsar project. In the last five years we have invested over 4bln AMD in our city. We are building two big hotels. Mining activities just 12 km away from us cannot be affect the city's image. We are facing a choice: tourism or mining. Our people opts for tourism," the Mayor of Jermuk said.
This year Geoteam is planning to invest $52mln in the mine. Amulsar is believed to have over 40 tons of gold. Among the shareholders of the owner of Geoteam, Lydian International, are IFC and EBRD. So, experts expect that the environmental risks of the project will be considered.
Ecobeach
They are dreaming!...... on investor websites this is what they talk about .... TGR: Lydian apparently is doing a lot of things socially in the community, which seems quite unusual for a junior company. BC: Precisely. That's one of the points Quinton made as well. When a major looks at a junior, if the company has the groundwork in place, the environmental studies out of the way, the social issues settled and the people on board who build schools, put up hospitals, support soccer teams, those sorts of things—if the dirty work, as Quinton calls it, has been taken care of ahead of time, it's much easier for a major to acquire that company. Lydian has advantages in that the cost of recovering oxidized gold is fairly low and with the deposit on a hill, the cost of mining also is fairly low. This will be the type of low-cost operation I think a midtier company would be interested in taking over. TGR: Is the Armenian government supportive and a good partner? BC: Yes. The government has been very, very supportive. I've been there, been through the country and met government officials. The government has been as helpful as you can imagine in expediting all the permits Lydian has needed. In fact, its contract with the government requires Lydian to advance the project at a certain pace. Brent Cook on The Gold Report Nobody is talking about National parks or ecology thats for sure on international gold markets )))))
Friday, June 29 20:19