HSBC Bank Armenia is contributing to sustainable development of Armenia’s mining industry
16.11.2016,
16:55
HSBC Bank Armenia is contributing to sustainable and environmentally safe development of Armenia’s mining industry, the Chief Executive Officer of HSBC Bank Armenia Paul Edgar said today.
YEREVAN, November 16. /ARKA/. HSBC Bank Armenia is contributing to sustainable and environmentally safe development of Armenia’s mining industry, the Chief Executive Officer of HSBC Bank Armenia Paul Edgar said today.
"Today we have invited companies working in the mining sector to speak about the trends and approaches of the industry aimed at developing sustainable mining in Armenia ", - said Mr. Edgar at the opening of a business conference titled "Modern Mining Industry in Armenia".
According to him, the sessions will cover an overview of the sector, experience sharing around new technologies, as well as HSBC's Commodity and Structured Trade Finance proposition supporting customers along their physical supply chains.
"The mining and metals sector is fundamental to many of today’s society’s basic needs. Its activities range from the exploration and mining of minerals to the complex industrial processes required to produce refined metals such as copper, gold or metals, which Armenia produces, largely for export. However, if not managed responsibly, these activities can have unacceptable adverse impact on people and the environment," – Mr. Edgar said.
He recalled that HSBC is a longstanding supporter of the mining and metals sector globally. ‘We ensure that our customers operate in accordance with international good practice, and minimum standards. If unchecked, environmental damage and climate change threaten the customers, the communities and the environment on which HSBC’s business has been built over 150 years,’ he said.
He added that if HSBC is to successfully help people to fulfill their hopes and realize their ambitions, it has an important role to play in addressing these challenges.
The business conference was organized by HSBC together with Armenia ministries of economic development and investment and energy, infrastructure and natural resources. The purpose is establishment of ties between Armenian mining companies and well-known American companies offering products and services improving the efficiency of the industry, ensuring the safety of employees and environment protection. -0-
"Today we have invited companies working in the mining sector to speak about the trends and approaches of the industry aimed at developing sustainable mining in Armenia ", - said Mr. Edgar at the opening of a business conference titled "Modern Mining Industry in Armenia".
According to him, the sessions will cover an overview of the sector, experience sharing around new technologies, as well as HSBC's Commodity and Structured Trade Finance proposition supporting customers along their physical supply chains.
"The mining and metals sector is fundamental to many of today’s society’s basic needs. Its activities range from the exploration and mining of minerals to the complex industrial processes required to produce refined metals such as copper, gold or metals, which Armenia produces, largely for export. However, if not managed responsibly, these activities can have unacceptable adverse impact on people and the environment," – Mr. Edgar said.
He recalled that HSBC is a longstanding supporter of the mining and metals sector globally. ‘We ensure that our customers operate in accordance with international good practice, and minimum standards. If unchecked, environmental damage and climate change threaten the customers, the communities and the environment on which HSBC’s business has been built over 150 years,’ he said.
He added that if HSBC is to successfully help people to fulfill their hopes and realize their ambitions, it has an important role to play in addressing these challenges.
The business conference was organized by HSBC together with Armenia ministries of economic development and investment and energy, infrastructure and natural resources. The purpose is establishment of ties between Armenian mining companies and well-known American companies offering products and services improving the efficiency of the industry, ensuring the safety of employees and environment protection. -0-
