On June 2, 2015 the Public Relations and Information Department of the Police of the Republic of Armenia reported on a revelation of an embezzlement of a large quantity of gold ore from the Ararat Gold Recovery plant, its illegal extraction and sale, the press service of GeoProMining Gold has told ArmInfo. The report also refers to several employees of GeoProMining Gold.
GeoProMining Company is facing such unprecedented incident for the first time in its history and expresses its deepest appreciation of the staff of the RA Police for efficiency and high professionalism in disclosing the criminal act.
"We officially declare that the Company GeoProMining Gold will provide law enforcement authorities all necessary assistance for the effective and full investigation, finding out all the circumstances of the incident and prosecuting responsible persons to the fullest extent of the law.
GeoProMining Gold LLC, for its part, intends to increase the level of security and oversight requirements for the system, if necessary, working closely on these issues with state agencies and representatives of law enforcement bodies," says the GeoProMining Gold's press release.
GeoProMining, founded in 2001, is an international, privately held company with a diversified base of gold and other metals assets. GeoProMining engages in mining activities in Armenia and the Russian Federation.