ANIF named manager of Armenia's 15% share in Zangezur CombineJanuary 5, 2022 - 12:45 AMT PanARMENIAN.Net - The government on Wednesday, January 5 transferred the rights of 15% of Zangezur Copper and Molybdenum Combine CJSC to the management of the Armenian National Interests Fund. Prime Minister Nikol Pashinyan said the state has a share in the Zangezur Combine and weighed in on criticism concerning possible corruption risks․ "This deal seemed dubious to many but the fact that the state has been deprived of its main strategic asset for many years was in fact not dubious," Pashinyan said, noting that the government will have a representative in ZCMC, Aysor.am reports. In early October 2021, GeoProMining Armenia, a subsidiary of the Cyprus-registered Russian company GeoProMining, was revealed to be the new shareholder of the Zangezur Copper and Molybdenum Combine in the province of Syunik. GeoProMining Armenia is the parent company of Industrial Company, which bought 60% of the ZCMC's shares on September 30, 2021 and donated 25% of it – 15% of the total capital – to the government. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. |