Newsfeed

NKR Defense Army soldier killed

Komatsu mining equipment presented at Teghout

Situation on Armenian-Azerbaijani border was mostly peaceful overnight

Azerbaijani armed forces resume fire overnight

UCom CEO: Future of telecommunications field is in providing convergent services

Beeline launches an upgraded landline network upgraded with wireless technology and 450 MHz

Armenian reconnoiter: Largely discussed 700-800 ha are neutral zone between dug positions

Vivacell-MTS has replenished range of smartphones offered within "STARTPHONE" tariff plan with 9 new models

Rostelecom Armenia summed up results of the 1st round of annual "Technology for Life -More Opportunities" contest

Military Prosecutor's Office of Armenia investigates information about sale of Armenian Armed Forces' tinned food in Poland

Areximbank-GPB Group sums up results of "8 gifts by March 8" campaign conducted jointly with MasterCard

Transport ministry: Gagik Beglaryan has no bodyguards and he is not implicated in beating of people

Aim of OSCE MG Co-Chairs is to lay groundwork for negotiations that can lead to a comprehensive settlement, Warlick

Central Bank: By 1 April 2016 overdue loans in Armenian banks grew by 22.5% over year

Vladimir Yevseyev: Updated Madrid Principles will not be implemented until the armed conflict is frozen

Mass Media: Bodyguards of Transport Minister detained under case over beating of businessman's son Sergey Abovyan

Stepanakert: The territories the Armenian side lost in April were mostly part of the buffer zone around Nagorno Karabakh

Federica Mogherini says next annual Eastern Partnership Foreign Ministers' meeting will be held in spring of 2017

Seyran Ohanyan has not met with Samvel Babayan

PACE Co-rapporteurs: Those responsible for atrocities in Karabakh conflict zone should be held fully accountable

Expenses of Armenian President's Administration up 10% in 2015

Prime minister: Supply of Russian weaponry to Armenia launched

Serzh Sargsyan and Seyran Ohanyan to discuss Karabakh problem in presidential residence tonight

Two-fold growth of loan restructuring applications registered in VTB Bank (Armenia)

Head of Armament Unit of Armenia's Armed Forces dismissed

Sharmazanov: Genocide of Christians in Ottoman Turkey, IS actions and Azerbaijani aggression have same handwriting

Ex-president of Armenia included in list of candidates for election to the new Board of Directors of JSFC Sistema

Mammadyarov: Status quo in Karabakh conflict may lead to severe military clashes

Trial over case of the cardboard tank that "crashed" into NSS building is still going on

Tatoul Manaseryan: Top power branches have a great number of caterpillars

Штормовой ветер срывал крыши домов и не на шутку напугал жителей Еревана

Armenian President attends ceremony of unveiling of Memorial to Marshal Hamazasp Babajanian

Bostanjyan calls for reducing all expenses having no crucial significance to state

OSCE PA Special Representative for South Caucasus arrives in Armenia

Seyran Ohanyan: Territories lost during April war were part of Artsakh

Armenian Defense Ministry responds to media reports about dismissal of commander of Mataghis regiment

Greek Defense Minister: Nagorno Karabakh conflict should be settled exclusively through peaceful means

Armenia and China discuss issue to boost cooperation

Baku trying to shift responsibility for April flare up in Karabakh onto Armenian side

Azerbaijani armed forces fire at Azerbaijani-Armenian border

Vice Speaker of Armenian Parliament: Due to parity in international statements on Karabakh problem, the peace process has been going round in a circle for nearly 20 years

Criminal case over embezzlement at ENA CJSC sent to court with a crime sheet

On May 21 as many as 112 museums of Armenia to open their doors to visitors from 6 pm till midnight

Average life expectancy for Armenia is 74.8 years, according to World Health Statistics: Monitoring Health for the SDGs

Regional

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, 17:07

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