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GeoProMining Group Of Companies To Provide 108 Mln Drams For Reconst

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  • GeoProMining Group Of Companies To Provide 108 Mln Drams For Reconst

    GEOPROMINING GROUP OF COMPANIES TO PROVIDE 108 MLN DRAMS FOR RECONSTRUCTION OF CULTURE CENTER IN ARMENIAN TOWN OF VARDENIS

    ArmInfo
    2010-09-10 11:29:00

    ArmInfo. GeoProMining Group of companies will provide 108 mln drams
    for reconstruction of the Culture Center in the town of Vardenis
    of Armenia's Gegharkunik region. Total cost of the reconstruction,
    scheduled for 2010 - 2012, will make up 320 mln drams. Reconstruction
    will be carried out within the frames of the Protocol on strategic
    cooperation in social development of Gegharkunik region. The Protocol
    was signed by President of GeoProMining LTD Roman Khudoliy, Executive
    Director of the Armenian Social Investment Fund Ashot Kirakosyan and
    Governor of Gegharkunik Nver Poghosyan.

    "GeoProMining Company is one of the biggest employers of our region.

    This circumstance attaches an invaluable significance to its work: you
    know how much important employment is for our region. Along with it,
    we are happy to see that the Company also carries out social projects,
    and a lot of people become beneficiaries of these projects", N.
    Poghosyan said.

    "Any big Russian company working in Armenia has also a social
    constituent in its project. It is very important for both Armenia's
    residents and us", Ambassador of Russia to Armenia Vyacheslav
    Kovalenko, who arrived in Vardenis to the Protocol signing ceremony,
    said. For its part, the Embassy gifted a distance learning equipment
    to one of Vardenis secondary schools for the Russian class.

    "We want to assist the Armenian schoolchildren to learn Russian. Let
    the schoolchildren of Vardenis know fluently their native Armenian
    language and good - the Russian language", Kovalenko said.

    GeoProMining GC is engaged in metal mining in Russia, Armenia and
    Georgia. The Company's fixed assets in Armenia are GPM Gold Company
    which exploits the Sotk gold field, Ararat Gold Recovery Plant and
    Agarak Copper and Molybdenum Combine.




    From: A. Papazian
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