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Deno Gold Mining Company Not To Be Sold

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  • Deno Gold Mining Company Not To Be Sold

    DENO GOLD MINING COMPANY NOT TO BE SOLD

    Noyan Tapan
    http://www.nt.am?shownews=1011251
    Jan 13, 2009

    KAPAN, JANUARY 13, NOYAN TAPAN. Robert Falleta, director general of
    Deno Gold Mining Company - the former Kapan Mining and Processing
    Enterprise, denied the information that the financial state of
    Dundee Precious Metals is not good and it intends to sell Deno Gold
    Mining. "I as the director general has heard about it for the first
    time. I would be the first to be informed about such a thing," he said.

    60% of the enterpise's employees have been laid off. No ores are mined,
    the plant and mine are not operating. According to R. Falleta, the
    employees are participating in training courses and the improvement
    of the enterprise. It was mentioned that the laid off employees will
    work by turns: if an employee of the same speciality is laid off for
    a month, while his colleague is working, the latter will be laid off
    next month.

    R. Falleta found it difficult to say what will happen in 3 months. "The
    truth is that no one can say what will happen in 2009. Unless the
    economic situation changes in the world, the relaunching of the
    enterprise is likely to be delayed. But we have programs and we are
    working in this direction," the director general stated.
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