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Official News

Thursday, 19 March 2009

RA Prime Minister Tigran Sargsyan received Haik Aloyan, director general of Geoteam Ltd., registered in the Republic of Armenia as economic entity involved in geological survey and prospecting activities, Brian Levett, regional director of the US-based Newmont Mining Corporation, a company stakeholder and a worldwide leader in the field of gold mining, as well as Head of the World Bank’s International Financial Corporation Armenia office Nerces Karamanukyan.

The guests briefed the Prime Minister on the Company activities implemented in Armenia since 2006, including the works carried out in Syunik and Vayotz Dzor marzes, as well as on the future plans. They said that as result of said activities, a new type of gold deposit has been identified in Vayotz Dzor (Amulsar), which offers good prospects for exploration and mining. The Director General of Geoteam further advised that sizeable investment will be available as soon as the Company has the needed license from the government. Brian Levett and Nerces Karamanukyan stressed that their investment programs allow for the tackling of social-economic and environmental development problems in the marz.

Appreciative of those activities realized so far in our country, as well as of Geoteam’s commitment to exploit the gold deposit of Amulsar, Prime Minister Tigran Sargsyan wished them every success with the implementation of the programs ahead.

April 2020