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MOST MINE EXPLOITERS IN ARMENIA AREN'T MAKING THEIR PROMISED INVESTMENTS
17:21, 18 March, 2015
YEREVAN, 18 MARCH, ARMENPRESS. Out of the 55 mining companies
in Armenia, 30 aren't performing their duties referred to in
their contracts and aren't making adequate investments. The issue
has become so serious that Minister of Energy and Natural Resources
Yervand Zakharyan called the representatives of all the companies to
a meeting and tried to find out the reason for such behavior. During
the meeting held in the presence of presses, the minister declared
that based on estimates, there will only be AMD 24 billion worth of
investments, but only four companies have submitted reports on the
activities that they have carried out.
"This has an impact not only on the field and the economy, but also
the development of the Republic of Armenia. Many promises are made,
but evasion of duties referred to in the contracts is troubling,"
the minister said, emphasizing the fact that he views this approach
as inadmissible and that the situation needs to be fixed rapidly.
http://armenpress.am/eng/news/798202/most-mine-exploiters-in-armenia-aren%E2%80%99t-making-their-promised-investments.html
17:21, 18 March, 2015
YEREVAN, 18 MARCH, ARMENPRESS. Out of the 55 mining companies
in Armenia, 30 aren't performing their duties referred to in
their contracts and aren't making adequate investments. The issue
has become so serious that Minister of Energy and Natural Resources
Yervand Zakharyan called the representatives of all the companies to
a meeting and tried to find out the reason for such behavior. During
the meeting held in the presence of presses, the minister declared
that based on estimates, there will only be AMD 24 billion worth of
investments, but only four companies have submitted reports on the
activities that they have carried out.
"This has an impact not only on the field and the economy, but also
the development of the Republic of Armenia. Many promises are made,
but evasion of duties referred to in the contracts is troubling,"
the minister said, emphasizing the fact that he views this approach
as inadmissible and that the situation needs to be fixed rapidly.
http://armenpress.am/eng/news/798202/most-mine-exploiters-in-armenia-aren%E2%80%99t-making-their-promised-investments.html