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Eduard Sharmazanov: Ter-Petrosyan's stories were the most juicy part of the Friday opposition rally

Russian Ambassador: Armenia's accession to Eurasian Economic Union was a wise strategic decision

Armenian Foreign Minster says Baku seeks to fail the Karabakh negotiations with its efforts to change their format

Exposition of "Open Game" Championship of Computer and Mobile Games to take place on the 26th of October

French parliamentarian Valerie Boyer introduces new bill criminalizing genocide denial

Beeline and Cafesjian Center for the Arts launch two free of charge education programs

In Jan-Sept 2014 Areximbank-Gazprombank Group registered 63% growth in foreign exchange transfers through SWIFT

Levon Ter-Petrosyan: In Eurasian Economic Union Armenia will not be less sovereign than Russia, Kazakhstan or Belarus

Gagik Tsarukyan says his Party may demand power change

Levon Ter-Petrosyan: Armenia is experiencing a strong wave that seeks change of power and has all chances to succeed

Opposition four parties marching along Yerevan streets

Raffi Hovannisian: There will be a legal revolution in Armenia

Aram Manukyan: Armenian people seeks to govern the country

Expert: Only Azerbaijan gains from Serzh Sargsyan's policy

Vartan Oskanian: The system can be broken only through a power change

NASDAQ OMX Armenia provides ArmSwissBank with a status of market maker of National Mortgage Company's bonds

Chief of Russia's Federal Customs Service: Russia is not going to interfere in customs activities on Armenian-Nagorno-Karabakh border

Sharmazanov: Nobody, even if he wants very much, can name at least one fact which is evidence of incapability of the Armenian authorities

Oppositionist: Opposition's task during its rallies is to make best of people's resolution to change ruling regime

A member of the parliament from ARFD wishes success to the opposition three

RPA member: The opposition three is unpredictable

VivaCell-MTS has invested 55 million AMD for the housing project in the borderland villages of Armenia and Fuller Center for Housing Armenia has undertaken the implementation of the project

Head of Russian Federal Customs Service: Russia does not intend to interfere in customs officers' activities on border between Armenia and Karabakh

Serzh Sargsyan's message to Washington: We believe that the whole of mankind should be consistent in the recognition, condemnation and exclusion of denialism of genocides

CJSC Armenian Copper Programme reduces blister copper production 9,8% for nine months of 2014

Ex-governor of Vayots Dzor, Edgar Ghazaryan - an ambassador to Poland

Sargsyan-Aliyev-Hollande meeting to take place on 27 October

Serzh Sargsyan: Germany is Armenia's vital partner and a friendly country

Edward Sharmazanov: The breakthrough in the Karabakh process depends on the position of Baku

OSCE MG Co-chairs share expectations from upcoming meeting of Azerbaijani and Armenian Presidents in Paris

Former premier of Armenia calls on the government to change methodology of GDP calculation

Parliament member: A draft law has been submitted to the parliament that has nothing in common with residents of the bordering communities

Expert: Deposits with radioactive elements in a scattered state are being developed in Armenia

Parliamentarian: On 2 Jan 2015, Armenia will find itself in quite new economic environment, something that Government is absolutely not ready for

Governor of Armenia's Vayots Dzor Region relieved of his duties upon his own request

Environmentalists to protest against shooting of wolves

Armenian MP: Armenia has crossed the red line of economic security

"Grozniy-Avia" airline to launch Simferopol-Yerevan flight

Beeline launches "Unlimited Internet Super" service

ACBA-CREDIT AGRICOLE BANK opens new branch in Yerevan

Tigran Khzmalyan: Armenia has linked its Noah's Arc to Russia's sinking Titanik that is still selling tickets

Irina Kamkhadze: We see no downward tendency of Visa growth rates in Armenian market

VTB Bank (Armenia) Visa cardholder becomes winner of Summer with VTB campaign and gets a vacation package to Malta for two persons

Delegation of IFC and EBRD visits Amulsar Gold Project site

Oppositionist: The case with ASALA veteran demonstrates state terrorism in Armenia

Armenia's Health Care Ministry organizes a training course to assess local doctors' readiness for Ebola

Naira Zohrabyan: There is no sector in Armenia where human rights are not breached

Speaker of the Armenian parliament agrees to the idea that there are numerous unsettled conceptual problems in the republic

Gabor Brodi: Armenia must not choose between European Union and its neighbors in the region

Amulsar will be the first mine in Armenia to bring modern, environmentally friendly heap leaching technology to the country, Geoteam says

  • by Arthur Yernjakyan

  • Friday, July 4, 12:07

Amulsar will be the first mine in Armenia to bring modern, environmentally friendly heap leaching technology to the country with no process discharge to the environment and no tailings dams, the press service of Geoteam CJSC says.  

"We also believe that the very essence of the Corporate Social Responsibility is carrying out our core business in a responsible manner, ensuring fair employment, equal opportunities, transparency and responsible environmental management. This is what Amulsar project will be aiming at", the source says. 
"We have engaged with local communities since early exploration and defined engagement from the very start as not just assessment of the needs of communities and social investments but strategic partnership and creation of shared values. That is what Corporate Social Responsibility (CSR) is about: making sure that local communities benefit from the project, implementing common goals and a shared vision of success.  We strongly believe that local communities are some our most important partners and that belief has been the anchor of all of our social engagement initiatives.  
Although the Amulsar mine isn't an operating mine yet and the company doesn't have any income we have been investing in infrastructure and social projects to ensure sustainable development and improved livelihoods in the communities. 

Since exploration the company has undertaken several projects in Gorayk, Gndevaz and Saravan as well as Jermuk. Overall more than 455 mln AMD has been so far invested in social development projects until 2013. In 2014 additional 165 mln AMD is planned to spend. Additionally the company is paying for the land rent to local communities. Last year the company has paid around 200 mln AMD. In 2014 that sum will be 445 mln AMD. 

However the most opportunities for the communities will come as the construction starts and during the operation of the mine.  The 18 month construction period will bring investments of several hundred million dollars, jobs and service contracts for local small and medium enterprises.  This will continue over the 10 year mine life, thereby offer tangible economic benefits to the region and the country", the company says. 

Geoteam CJSC is an Armenian mineral exploration and development company, which is a 100% owned subsidiary of Lydian International Limited. Geoteam CJSC was incorporated in 2005 and after an extensive campaign of geological exploration in Armenia discovered what is now its flagship project; the Amulsar mountain. Amulsar is a new gold discovery, the first for over 20 years in Armenia. Geoteam CJSC is carrying out geological exploration in the Amulsar area of RA Vayots Dzor Marz, under a Prospecting License, granted in 2006 by RA Ministry of Nature Protection.

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