Newsfeed

Armenia: Greece and VFS Global Opening a Center on Visa Applications for Greece

Orange sums up results of "To Cannes 2015" video-contest

VivaCell-MTS network restarts operation after the outage

Mass Media: Former MP from Prosperous Armenia Party detained on suspicion of assassination planning

ACBA-Credit Agricole Bank ranked second in terms of branch network

Head of RESO stresses several types of insurance that will shortly enjoy higher demand

Insurer: Application of social packages in private sector will increase demand for health insurance

Insurer: Demand for motor third party liability insurance not to decline even if it suddenly becomes voluntary

Insurer: Bonus-Malus system is still operating to the prejudice of insurance companies

Prime Minister of Armenia supports territorial integrity of Georgia

Foreign Ministry of Georgia summons Armenia's ambassador over meeting of Armenian and South Ossetian parliament speakers

Spectrum held a roundtable discussion "NATO and the Changing Security Environment"

Armenia: Greece and VFS Global Opening a Center on Visa Applications for Greece

Jerzy Marek Nowakowski: Poland ready to contribute to Armenian-Turkish normalization

Vigen Sargsyan: Edogan's "Gallipoli Plan" was a Complete Failure

Ukraine not Recognizing Nagorno-Karabakh Parliamentary Elections

Georgia not Recognizing the Election Held "in Occupied Azerbaijani Territories"

US analyst: Ukrainian crisis and annexation of Crimea have complicated Karabakh peace process

Sabine Freizer: Maintaining dialogue with Armenia, U.S. and EU should not forget that it is Russia's periphery

US expert: South Caucasus does not face the threat of 08.08.08 war scenario or the Crimean scenario

NKR CEC: Free Motherland Party sweeps parliamentary elections

Oppositionist: Parliamentary elections in NKR highly competitive

Ersi Koi: Elections in NKR meet international standards

European Parliament member: Electoral process in Nagorno-Karabakh took place in line with international standards

Members of Founding Parliament set free

Arkady Ghukasyan: No violations registered during parliamentary elections in NKR

Ankara indignant at initiative to teach genesis of Armenian Genocide at German schools

Preliminary data: Free Motherland Party wins parliamentary elections in Nagorny Karabakh

Hovhaness Sahakyan: "Parliamentary elections in Nagorny Karabakh show that international recognition of NKR is near at hand"

Anelik Bank's loan and deposit portfolios considerably grew in Q1 2015

Exclusive

Armen Rustamyan: From now on, Armenian Genocide is an issue on international agenda

Tigran Jrbashyan: I think all this is a trial that will make the country embark on “rehabilitation procedures”

Yevgeny Satanovsky: Turkey uses Islamic State to destroy Kurds

Eduard Sharmazanov: We have presented our agenda to the world and the progressive humanity has acclaimed it

Gayane Novikova: The South Caucasus states are trapped by the Ukrainian crisis

Ashot Manucharyan: Russia Does Not Need Parliamentary Armenia

Samvel Farmanyan: Turkey will recognize Armenian Genocide and will do it under pressure of its own public

Yana Amelina: "Weapon strategy" of Moscow will stop only after world geopolitical balance is restored

Vardan Voskanyan: Iran assumes functions of "a gendarme" to remove chaos in Middle East

“Angels” and “Demons” of Film Director Hovhannes Galstyan

Andrey Areshev: Karabakh-related humanitarian initiatives from Russia could be useful

Sevak Sarukhanyan: Concerns about possible emergence of ISIS in Azerbaijan focus Tehran's attention on Baku

Alexander Zinker: Israel has never before been so close to recognition of Armenian Genocide

Andrey Yepifantsev: Russia and Armenia have what to keep silence about

Promise to convict Permyakov at 102nd Russian military base in Armenia is already a big gesture of Russia

Ruben Safrastyan: Turkey fears consequences of Armenian Genocide denial

Serious trends of geopolitical changes in South Caucasus lead to clashes and redrawing of borders

Armenian Men are Also Eager to Look Young

Karine Danielyan: The women who prefer being mothers deserve the same respect as female politicians

Georgian political expert: Putin has put his mind on implementing Primakov Doctrine

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.

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields