Deno Gold Mining Company to invest $20 mln in exploration of Kapan Mine, Armenia
29.11.2007,
00:04
The Deno Gold Mining Company intends to invest $20mln in the exploration of the Kapan mine, Armenia, President of the Dundee Precious Metals Company Jonathan Goodman stated at his meeting with RA Prime Minister Serge Sargsyan.
YEREVAN, November 28. /ARKA/. The Deno Gold Mining Company intends to invest $20mln in the exploration of the Kapan mine, Armenia, President of the Dundee Precious Metals Company Jonathan Goodman stated at his meeting with RA Prime Minister Serge Sargsyan. Attending the meeting were also big businessmen from Canada James Smolin and Azat Vardanyan.
The Press and Public Relations Department, RA Government, reports that Deno Gold Mining Company has launched activities in the metal mining industry in Syunik and plans to invest $20mln in addition to the $30mln previously invested in the exploration of the Kapan mine.
According to Goodman, the mine is expected to contain large ore reserves, which will justify the investments.
Premier Sargsyan welcomed the businessmen’s intention and pointed out that the Armenian Government is interested in highly rated, experienced companies’ entering Armenia. By running profitable business, they contribute to Armenia’s economic development, making investments in various economic sectors.
The RA Premier gave assurances that all necessary conditions for business development have been and are being created in Armenia. Speaking of the metal mining industry as one of the most important industries of Armenia, Sargsyan pointed out that the Government is ready to render assistance in the implementation of programs.
He pointed out the importance of efficient use of Armenia’s limited natural resources, with attention to be focused on environmental tasks.
He offered the representatives of the Canadian company to inform the public of its programs and of the work carried out until now. In this context, Goodman said that they plan a meeting with journalists today.
The Canadian businessmen expressed their gratitude to the Armenian Government for its willingness for cooperation. They stressed the paramount importance of this willingness for any foreign investor, and the meeting with the RA Premier is another impetus to the expansion of its programs in Armenia.
Dundee Precious Metals is represented by the Deno Gold Mining Company in Armenia. The latter operates the Shahumyan polymetallic mine and the copper and pyrite mine of the Kapan ore mining and processing enterprise. –0--
The Press and Public Relations Department, RA Government, reports that Deno Gold Mining Company has launched activities in the metal mining industry in Syunik and plans to invest $20mln in addition to the $30mln previously invested in the exploration of the Kapan mine.
According to Goodman, the mine is expected to contain large ore reserves, which will justify the investments.
Premier Sargsyan welcomed the businessmen’s intention and pointed out that the Armenian Government is interested in highly rated, experienced companies’ entering Armenia. By running profitable business, they contribute to Armenia’s economic development, making investments in various economic sectors.
The RA Premier gave assurances that all necessary conditions for business development have been and are being created in Armenia. Speaking of the metal mining industry as one of the most important industries of Armenia, Sargsyan pointed out that the Government is ready to render assistance in the implementation of programs.
He pointed out the importance of efficient use of Armenia’s limited natural resources, with attention to be focused on environmental tasks.
He offered the representatives of the Canadian company to inform the public of its programs and of the work carried out until now. In this context, Goodman said that they plan a meeting with journalists today.
The Canadian businessmen expressed their gratitude to the Armenian Government for its willingness for cooperation. They stressed the paramount importance of this willingness for any foreign investor, and the meeting with the RA Premier is another impetus to the expansion of its programs in Armenia.
Dundee Precious Metals is represented by the Deno Gold Mining Company in Armenia. The latter operates the Shahumyan polymetallic mine and the copper and pyrite mine of the Kapan ore mining and processing enterprise. –0--
