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Canadian Dundee Precious Metals invested $150 million in Armenia in six years
YEREVAN, April 26. / ARKA /. Canadian company Dundee Precious Metals
has invested around $155 million in Armenia over the last six years
through its Armenian subsidiary Deno Gold Mining, according to Deno
Gold Mining chief executive officer Hrach Jabrayan.
"Over the past six years, Dundee Precious Metals has invested about
$155 million ( 63.7 billion drams) in development of Armenia's mining
sector. In the last three years, the company invested 6 billion drams
in environmental projects and 2 billion in various projects designed
to ensure the safety and health of employees and another 800 million
drams in their education and training, " he said.
He said the company was 9tth in the list of the largest taxpayers in
2012, having paid 7 billion drams in various taxes.
Dundee Precious Metals is a major international mining company engaged
in extraction of precious metals, their procurement, research and
treatment. Its Armenian subsidiary Deno Gold Mining operates Shahumian
polymetallic deposit and copper pyrite mine in Kapan holding 5% in
it. ($ 1-411.33 drams). -0-
YEREVAN, April 26. / ARKA /. Canadian company Dundee Precious Metals
has invested around $155 million in Armenia over the last six years
through its Armenian subsidiary Deno Gold Mining, according to Deno
Gold Mining chief executive officer Hrach Jabrayan.
"Over the past six years, Dundee Precious Metals has invested about
$155 million ( 63.7 billion drams) in development of Armenia's mining
sector. In the last three years, the company invested 6 billion drams
in environmental projects and 2 billion in various projects designed
to ensure the safety and health of employees and another 800 million
drams in their education and training, " he said.
He said the company was 9tth in the list of the largest taxpayers in
2012, having paid 7 billion drams in various taxes.
Dundee Precious Metals is a major international mining company engaged
in extraction of precious metals, their procurement, research and
treatment. Its Armenian subsidiary Deno Gold Mining operates Shahumian
polymetallic deposit and copper pyrite mine in Kapan holding 5% in
it. ($ 1-411.33 drams). -0-