Yerevan to host major mining event in spring

Yerevan to host major mining event in spring

YEREVAN, February 14. / ARKA /. Armenian Prime Minister Tigran Sargsyan had a meeting today with head of the World Bank Yerevan Office Jean-Michel Happi, US, German and British ambassadors to Armenia to discuss a set of issues on holding a major international conference on sustainable development of the mining industry in Yerevan in spring.

According to Michel Happi, the conference, organized at the initiative of the three countries and the WB Yerevan Office is prompted by changes in the mining industry both in Armenia and in the world. In particular, Armenia has adopted a new Subsoil Code and a bill on the evaluation of the impact on the environment and expertise is in the parliament.

Expressing gratitude for the initiative, Sargsyan expressed his government's willingness to contribute to the conference as one of sponsors. According to Sargsyan, the event will help attract private investment into Armenia’s mining industry. Sargsyan also instructed several ministries to draw up the conference’s agenda with the organizers of the event.

According to the ambassadors, the conference will aim to involve both international companies in the industry and  Armenia public  organizations and civil society into the discussions because that approach would create a filed for dialogue and help identify opportunities for effective  organization of mining production.

They said the European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC), the Armenian Development Bank, the OSCE, as well as three major companies operating in the mining sector and non-governmental organizations in Armenia are assisting in the organization of the conference.

Some 70 top international experts as well as representatives of leading companies and public organizations in Armenia are expected to take part in the event. -0-

19:29 14.02.2014

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