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GEOTEAM INVESTS 15MLN AMD IN REPAIR AND EQUIPPING OF LIBRARY-TRAINING CENTER IN GORAYK COMMUNITY
arminfo
Friday, April 20, 01:22
The Geoteam company has invested 15mln AMD in the repair and equipping
of a library-training center in Gorayk community, Syunik region.
The company is prospecting a gold field in Amulsar and has undertaken
to improve the life in that area by developing local infrastructures
and offering jobs to local residents.
In Gorayk the problem of employment has been mostly solved: some 140
people have been involved in prospecting activities and are paid at
least 130,000 AMD a month.
The workers from Gorayk have so far been paid a total of 185mln AMD.
The company also sponsors local youths wishing to study at the
geological departments of Yerevan State University and the State
Architectural University. Upon graduation they will be employed by
the company.
Geoteam specializes in discovering new mineral deposits in Armenia. It
is a 95% owned subsidiary of Lydian International Limited. The company
was incorporated in 2005 and after an extensive campaign of geological
exploration in Armenia discovered what is now its flagship project;
the Amulsar mountain. Amulsar is a new gold discovery, the first
for over 20 years in Armenia. In 2012 the company is going to invest
$52mln in prospecting activities there.
From: A. Papazian
arminfo
Friday, April 20, 01:22
The Geoteam company has invested 15mln AMD in the repair and equipping
of a library-training center in Gorayk community, Syunik region.
The company is prospecting a gold field in Amulsar and has undertaken
to improve the life in that area by developing local infrastructures
and offering jobs to local residents.
In Gorayk the problem of employment has been mostly solved: some 140
people have been involved in prospecting activities and are paid at
least 130,000 AMD a month.
The workers from Gorayk have so far been paid a total of 185mln AMD.
The company also sponsors local youths wishing to study at the
geological departments of Yerevan State University and the State
Architectural University. Upon graduation they will be employed by
the company.
Geoteam specializes in discovering new mineral deposits in Armenia. It
is a 95% owned subsidiary of Lydian International Limited. The company
was incorporated in 2005 and after an extensive campaign of geological
exploration in Armenia discovered what is now its flagship project;
the Amulsar mountain. Amulsar is a new gold discovery, the first
for over 20 years in Armenia. In 2012 the company is going to invest
$52mln in prospecting activities there.
From: A. Papazian