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Russian-Armenian billionaire brothers invest in Karabakh

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  • Russian-Armenian billionaire brothers invest in Karabakh

    Russian-Armenian billionaire brothers invest in Karabakh

    http://news.am/eng/news/164437.html
    July 27, 2013 | 17:06

    Russian-Armenian billionaire brothers, Sergei and Nikolai Sarkisov,
    are investing in the Nagorno-Karabakh Republic, in a copper and gold
    exploration project.

    The brothers are interested in the copper mining areas of Zardanashen
    and the gold mining areas in the uplands of Tutkhun River, a
    well-informed source told Armenian News-NEWS.am.

    The mining area of Zardanashen is 3 square kilometers, and there are
    concentrations of copper, lead, cobalt, and nickel there. Traces of
    gold, titanium, and vanadium were discovered, too. And gold and silver
    concentrations were found in the mining areas of Tutkhun.

    To note, the Sarkisov brothers are the proprietors of RESO-Garantiya,
    which is one of Russia's largest insurance firms. In the Russian list
    of the 2013 issue of Forbes business magazine, they are ranked 78th
    and 79th, with a net worth of 1.35 billion.

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