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"SBERBANK CAPITAL" TO INVEST IN GOLD MINING IN ARMENIA
arminfo
Thursday, July 12, 15:15
The Russian "Sberbank Capital" LTD has purchased 49% of the shares of
the company which is the owner of the Lusajur gold project in Kotayk
region of Armenia. The license on development of Lusajur deposit
belongs to CJSC "Paramount Gold Mining" registered in Armenia. The
owner of the rest 51% of shares is an Armenian businessman Tigran
Arzakantsyan, press-service of the "Paramount Gold Mining" reported.
The industrial development of the deposit located 70 km far from
Yerevan will start till the end of 2012. The gold stores here by
the categories C1+ C2 are 18,5 tons. The enrichment plant with a
capacity 150 thsd tons of ore per year has been already built within
the frames of the project. At present they buy equipment for the
underground mining and start building roads and other facilities of
the infrastructure.
"Sberbank Capital" has come to Armenia for the first time like a
big investment partner, the participation of which is a guarantor of
success of the joint project. Our cooperation has wide prospects, as
the Russian investor shows interest in development of other deposits in
Armenia as well", - Tigran Arzakantsyan said and added that development
of Lusajur deposit will create up to 450 job places with high salary.
arminfo
Thursday, July 12, 15:15
The Russian "Sberbank Capital" LTD has purchased 49% of the shares of
the company which is the owner of the Lusajur gold project in Kotayk
region of Armenia. The license on development of Lusajur deposit
belongs to CJSC "Paramount Gold Mining" registered in Armenia. The
owner of the rest 51% of shares is an Armenian businessman Tigran
Arzakantsyan, press-service of the "Paramount Gold Mining" reported.
The industrial development of the deposit located 70 km far from
Yerevan will start till the end of 2012. The gold stores here by
the categories C1+ C2 are 18,5 tons. The enrichment plant with a
capacity 150 thsd tons of ore per year has been already built within
the frames of the project. At present they buy equipment for the
underground mining and start building roads and other facilities of
the infrastructure.
"Sberbank Capital" has come to Armenia for the first time like a
big investment partner, the participation of which is a guarantor of
success of the joint project. Our cooperation has wide prospects, as
the Russian investor shows interest in development of other deposits in
Armenia as well", - Tigran Arzakantsyan said and added that development
of Lusajur deposit will create up to 450 job places with high salary.