gold

3 Posts

•

0 Followers

Amulsar

Anti-mining activists put New Armenia’s ‘people power’ to the test

by Volodymyr Soboliev

•10 min read

For the past three months, the inhabitants of the Armenian spa town of Jermuk have been rallying against the local Amulsar gold mine. The company operating the mine claims their operations are environmentally sound and has threatened to sue the Armenian government if they have to suspend work. All eyes are now on Armenia’s revolutionary government, which has promised ‘power to the people’. Lydian International Ltd, a Jersey based company established in 2005, has been warning potential inves

GeoProMining company's Sotk gold mine, Armenia

Analysis

Analysis | How transparent is mining in Armenia?

by Volodymyr Soboliev

•5 min read

Mining is one of the most important sectors of the Armenian economy; it has the largest share of exports constituting more than half the total value. On 9 March 2017, Armenia became a candidate country for the Extractive Industries Transparency Initiative (EITI). Candidacy means the country must undertake a series of reforms within a set timeframe to comply with standards of transparency and accountability. The situation Armenia is rich in a number of metal ores: iron, copper, mo

Armenia

Gold mining produces golden pollution

by Volodymyr Soboliev

•11 min read

GeoProMining is an international precious metals mining company. It was founded by Russian businessman Siman Povarenkin, with a local partner in Georgia, Koba Nakopia. The company has damaged environments in Georgia, Armenia, and Russia while mining gold and other precious metals. Thanks to close contacts in local governments, the gold mining enterprise and its subsidiaries have never been seriously penalised. Local governments either don’t investigate major environmental pollution incident