Global Gold Mining Deprived of License for Works at Armenia and Nakhichevan BorderSeptember 5, 2006 - 15:41 AMT PanARMENIAN.Net - The Ministry of Environment Protection of Armenia has deprived Global Gold Mining American company of the license for prospecting at the Marjan lot at the border of Armenia and Nakhichevan, Armenian Minister for Environment Protection Vardan Ayvazyan stated on September 5. In his words, the company failing to fulfill its commitments was the cause of deprivation of the license. "The company failed to fulfill its commitments at the Marjan lot, thus we deprived it of the license," the Minister said.We note that recently the Global Gold Mining has invested $6.5 billion in geological prospecting in Armenia. Before the yearend the company plans to increase the investment volume up to $9.6 billion. In 2004 the company was license for prospecting in Tukhmanuk, Hankavan, Getik regions (border zone of Armenia and Azerbaijan), as well as at the Marjan lot at the border of Armenia and Nakhichevan, reports IA Regnum. 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 | Concept to complete Yerevan Cascade discussed at city hall A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte. Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province. €3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms. Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |