Thursday, June 14 2018 13:08
Alexandr Avanesov

Governmental Commission to study situation in Teghut deposit 

Governmental Commission to study situation in Teghut deposit 

ArmInfo.The Armenian Environemntal Front has applied to the Minister of Energy  Infrastructures and Natural Resources of Armenia Artur Grigoryan calling to provide documents on suspention of all mining activities by Teghut CJSC, the statement of the Front reads.  Besides, according to the statement the organization intends to receive the results of study of  the agreement on withdrawal of guarantees from PensionDenmark amounted to $62 mln, provided to Teghut CJSC by the VTB Bank as a loan.

Meanwhile, yesterday Deputy Prime Minister Tigran Avinyan stated in  the parliament that a commission was established to study the problem  in Teghut deposit. According to him he has already met with the  Vallex Group leadership, a company that develops the deposit, has  held discussions and a commission has been formed as a result of  those talks. ''The Commission will hold its first meeting at the end  of next week and will make appropriate decisions", the Deputy Prime  Minister noted. 

In her turn, MP Armenuhi Kyureghyan noted that many residents of the  region sold their land at rock- bottom price on condition that they  will work on the mine field for 50 years. Some of them attracted  credit resources, and now, after the suspension of the field's work  and the dismissal of people, credit institutions began to apply 4%  interest rates of fines and penalties. The MP suggested that before  the renewal of the company's work, Vallex should be obliged to pay  people salaries so that the latter could fulfill their obligations to  credit institutions. She also inquired about the possibility of the  bankruptcy of Vallex, to which the Deputy Prime Minister said that he  did not have such information.

Meanwhile, in March 2018, the then-Minister of Economic Development  and Investments Suren Karayan said from the rostrum of the parliament  that the exploitation of the Teghut mine is not stopped, it is only  suspended for a while, and the mining operations will begin already  at the end of the current year or the beginning of the next year. He  also expressed confidence that during this period the operating  company Vallex had solved all the technical and environmental  problems, and the deposit would start operating in the very near  future.

At the beginning of February 2018, the Vallex Group of Companies  issued a statement stating that the Teghut deposit would temporarily  suspend the work, and more than a thousand employees would remain  unemployed. At the current stage of its activity and development,  Teghut CJSC is implementing a project to increase the extraction of  minerals in the Teghut copper-molybdenum deposit in the Lori region  of Armenia. Within the framework of the program, it became necessary  to conduct research and search for practical solutions on various  issues related to ore mining, including increasing production by  providing more productive and technological processing of ore. Until  the company receives sound proposals from experts and decides on  their implementation, it refrains from operating the mine in current  volumes and releasing the relevant production.

The investments of Vallex Group of companies in mining sector of  Armenia and Artsakh totaled more than $700 million over the past 20  years (by the data for middle of 2017-ed.note), including $400  million in the Teghut deposit. 1150 jobs were opened in Teghut, a  modern mining plant was established equipped with up-to-date  facilities. According to estimates made back in Soviet times, the  deposit's potential is 450 million tons of ore, of which the company  confirmed only a fifth so far. At the moment, the capacity of the  enterprise allows processing up to 50,000 tons of copper concentrate  per year and producing 13,000 tons of blister copper.  The Vallex  group of companies includes Base Metals operating in Artsakh, the  Armenian Copper  Program operating the copper smelter in Armenia's  Alaverdi, the Institute of Mining Metallurgy and Vallex IT LLC,  engaged in information technology. Around 4 thousand people work in  these companies in Armenia and Karabakh. 

POST A COMMENT
Input digits     

News
Days of Egyptian Culture to be held in ArmeniaDays of Egyptian Culture to be held in Armenia
Minister: The number of voluntary migrants in Armenia has increased  dramatically, but they have a problem of reintegrationMinister: The number of voluntary migrants in Armenia has increased  dramatically, but they have a problem of reintegration
Systemic changes in Armenia provide an excellent opportunity for the  development of Armenian-Swedish bilateral relationsSystemic changes in Armenia provide an excellent opportunity for the  development of Armenian-Swedish bilateral relations
Armenian Deputy Prime Minister Introduces New PSRC HeadArmenian Deputy Prime Minister Introduces New PSRC Head
Armenian expert community made a statement on the legal settlement of  Karabakh conflictArmenian expert community made a statement on the legal settlement of  Karabakh conflict
Court in Yerevan refused to satisfy petition of NSS to extend term of  arrest of a SCS employeeCourt in Yerevan refused to satisfy petition of NSS to extend term of  arrest of a SCS employee
President of Armenia signed law  President of Armenia signed law  "On Alteration and Amendment to the  Constitutional Law of RA on Rules of Procedure of NA"
Georgian drivers promise to block road if section of road from  Ninotsminda to border of Armenia is not repairedGeorgian drivers promise to block road if section of road from  Ninotsminda to border of Armenia is not repaired
Ombudsman indicates that there are problems with the appointment of a  reduced pensionOmbudsman indicates that there are problems with the appointment of a  reduced pension
Head of NA Armenia-France Friendship Group and members of Chamber of  Advocacy of Paris delegation discussed problems of judiciary and  legal professionHead of NA Armenia-France Friendship Group and members of Chamber of  Advocacy of Paris delegation discussed problems of judiciary and  legal profession
Sergey Kopyrkin: I do not think that we can talk about the  anti-Armenian rhetoric on Russian TV channelsSergey Kopyrkin: I do not think that we can talk about the  anti-Armenian rhetoric on Russian TV channels
Sergey Kopyrkin: Armenian-Russian relations have a solid base and are  directed to the futureSergey Kopyrkin: Armenian-Russian relations have a solid base and are  directed to the future
Criminal Court Rules Police to Initiate Criminal Investigation Against Protesters Blocking Amulsar Project SiteCriminal Court Rules Police to Initiate Criminal Investigation Against Protesters Blocking Amulsar Project Site
Armenia conducts equally open policy both in relations with the West  and RussiaArmenia conducts equally open policy both in relations with the West  and Russia
Yerevan Mayor: Employees of the Yervan mayor`s office worked day and  night tirelessly - their work will be rewardedYerevan Mayor: Employees of the Yervan mayor`s office worked day and  night tirelessly - their work will be rewarded
Liturgy in memory of victims of Armenian Genocide held at Our Lady of  Lebanon of Paris CathedralLiturgy in memory of victims of Armenian Genocide held at Our Lady of  Lebanon of Paris Cathedral
Passenger died on board plane flying from Moscow to YerevanPassenger died on board plane flying from Moscow to Yerevan
Turkish government warns Armenia: Yerevan will not be able to  normalize relations with Ankara, making claims on the Armenian  GenocideTurkish government warns Armenia: Yerevan will not be able to  normalize relations with Ankara, making claims on the Armenian  Genocide
IC released new data on corruption crimesIC released new data on corruption crimes
The Heritage Party made a statement on the anniversary of the victory  of the velvet revolution in ArmeniaThe Heritage Party made a statement on the anniversary of the victory  of the velvet revolution in Armenia
On April 24, Armenians of America will hold a protest march demanding  to stop Armenian Genocide denial policy On April 24, Armenians of America will hold a protest march demanding  to stop Armenian Genocide denial policy 
Torchlight processions to be held throughout Armenia on 104th  anniversary of the Armenian Genocide Torchlight processions to be held throughout Armenia on 104th  anniversary of the Armenian Genocide 
Armenian citizens among TOP-10 countries, whose citizens were denied  entry to GeorgiaArmenian citizens among TOP-10 countries, whose citizens were denied  entry to Georgia
Sanasaryan appealed to the staff of State Control Service: With or  without me, remain loyal to your workSanasaryan appealed to the staff of State Control Service: With or  without me, remain loyal to your work
Traffic of trucks on the territory of Armenia may be limitedTraffic of trucks on the territory of Armenia may be limited
Russian airbase in Armenia will be re-armed on Su-30SMRussian airbase in Armenia will be re-armed on Su-30SM
Some roads in Armenia are still closed or heavy-going in ArmeniaSome roads in Armenia are still closed or heavy-going in Armenia
Those injured during the events of March 1-2, 2008, will receive  state assistanceThose injured during the events of March 1-2, 2008, will receive  state assistance
Young citizens of Armenia and Argentina will be able to visit each  other`s countries for the purpose of short-term residenceYoung citizens of Armenia and Argentina will be able to visit each  other`s countries for the purpose of short-term residence
Deputy Prime Minister of Armenia and President of Turkmenistan  discussed prospects of cooperation in the areas of mutual interestDeputy Prime Minister of Armenia and President of Turkmenistan  discussed prospects of cooperation in the areas of mutual interest
Beeline Armenia PR manager reads  Beeline Armenia PR manager reads  "PR and Communication Technologies"   lecture for students 
Ameriabank`s activities part 3 ( video )
Nikol Pashinyan: Prime Minister`s position is the same as any  else  in the countryNikol Pashinyan: Prime Minister`s position is the same as any  else  in the country
Ararat Mirzoyan: As a political figure, I can have my point of view  on the decision of the Constitutional Court, but as a speaker of the  parliament I cannot dispute itArarat Mirzoyan: As a political figure, I can have my point of view  on the decision of the Constitutional Court, but as a speaker of the  parliament I cannot dispute it
 Turkish human rights activist: Our struggle for recognition of the  Armenian Genocide by Ankara will be consistent Turkish human rights activist: Our struggle for recognition of the  Armenian Genocide by Ankara will be consistent
Ararat Mirzoyan: Ararat Mirzoyan: "Prosperous Armenia" won enough votes at the  elections, and we cannot ignore its position
Nikol Pashinyan expects specific recommendations from the people  related to resolving the Karabakh issue Nikol Pashinyan expects specific recommendations from the people  related to resolving the Karabakh issue 
Alen Simonyan: The society in our country trusts law enforcement  agenciesAlen Simonyan: The society in our country trusts law enforcement  agencies
Citizens in Armenia at the age of 22 should have 3 years of  experience and speak foreign languages, Prime Minister is convincedCitizens in Armenia at the age of 22 should have 3 years of  experience and speak foreign languages, Prime Minister is convinced
Armenian diplomat told the head of the Czech Senate about Armenia`s  foreign policy prioritiesArmenian diplomat told the head of the Czech Senate about Armenia`s  foreign policy priorities
Ararat Mirzoyan: Citizen`s Day is called upon to give civic education  to society, no money is spared for this noble goalArarat Mirzoyan: Citizen`s Day is called upon to give civic education  to society, no money is spared for this noble goal
Armenian MFA: There are no citizens of RA or Armenians among the  victims of terrorist acts in Sri LankaArmenian MFA: There are no citizens of RA or Armenians among the  victims of terrorist acts in Sri Lanka
Kiro Manoyan: Armenia-Artsakh military-political agreement will be a  yellow card for AzerbaijanKiro Manoyan: Armenia-Artsakh military-political agreement will be a  yellow card for Azerbaijan
Ararat Mirzoyan: David Sanasaryan is my friend, but if he broke the  law, he should be punished with the full severity of the lawArarat Mirzoyan: David Sanasaryan is my friend, but if he broke the  law, he should be punished with the full severity of the law
Armenian Prosecutor`s Office to send documents to the Russian  Federation for Mihran Poghosyan`s extradition Armenian Prosecutor`s Office to send documents to the Russian  Federation for Mihran Poghosyan`s extradition 
Ukrainian analyst: Zelensky`s victory is another catastrophic defeat  for Putin`s Russia in UkraineUkrainian analyst: Zelensky`s victory is another catastrophic defeat  for Putin`s Russia in Ukraine
Manvel Grigoryan will remain under arrest - the court delivered its  verdictManvel Grigoryan will remain under arrest - the court delivered its  verdict
Armen Sarkissian congratulates Zelensky with victoryArmen Sarkissian congratulates Zelensky with victory
Pashinyan congratulated Zelensky  in the Ukrainian languagePashinyan congratulated Zelensky  in the Ukrainian language
Former MP of Armenian parliament Mihran Poghosyan detained in KareliaFormer MP of Armenian parliament Mihran Poghosyan detained in Karelia
Within framework of digital services, Ardshinbank activated Within framework of digital services, Ardshinbank activated "Money  transfer by telephone call" service 
What to do if you do not agree with the gas bill, Ombudsman of  Armenia instructsWhat to do if you do not agree with the gas bill, Ombudsman of  Armenia instructs
Nikol Pashinyan posted another Facebook post - this time about David  SanasaryanNikol Pashinyan posted another Facebook post - this time about David  Sanasaryan
Despite heavy snowfall, the republic`s roads are openDespite heavy snowfall, the republic`s roads are open
Head of  State Control Service debunks myths about himselfHead of  State Control Service debunks myths about himself
Lawyers of ex-Deputy Prime Minister Armen Gevorkyan appealed to  Armenian Ombudsman Lawyers of ex-Deputy Prime Minister Armen Gevorkyan appealed to  Armenian Ombudsman
In the format of the Madrid principles it is impossible to resolve  the Karabakh conflictIn the format of the Madrid principles it is impossible to resolve  the Karabakh conflict
Pashinyan explained nuances of Institute for recovery of illegal  propertyPashinyan explained nuances of Institute for recovery of illegal  property
Spokesman for the Prime Minister: Nikol Pashinyan does not intend to  dismiss David SanasaryanSpokesman for the Prime Minister: Nikol Pashinyan does not intend to  dismiss David Sanasaryan
The Concerts of ENCUENTROS Sponsored by Converse Bank Were Warmly GreetedThe Concerts of ENCUENTROS Sponsored by Converse Bank Were Warmly Greeted



Experts
Armenia conducts equally open policy both in relations with the West  and RussiaArmenia conducts equally open policy both in relations with the West  and Russia
Kiro Manoyan: Armenia-Artsakh military-political agreement will be a  yellow card for AzerbaijanKiro Manoyan: Armenia-Artsakh military-political agreement will be a  yellow card for Azerbaijan
Ukrainian analyst: Zelensky`s victory is another catastrophic defeat  for Putin`s Russia in UkraineUkrainian analyst: Zelensky`s victory is another catastrophic defeat  for Putin`s Russia in Ukraine
Karabakh negotiation process has entered so-called “Cyprus path” when geopolitical players appeared in the regionKarabakh negotiation process has entered so-called “Cyprus path” when geopolitical players appeared in the region
Andrey Pyatakhin: Operators in Armenia are competing today for Internet rather than for voiceAndrey Pyatakhin: Operators in Armenia are competing today for Internet rather than for voice
France: Fake news and laws, searches and gilets jaunesFrance: Fake news and laws, searches and gilets jaunes
The elimination of Karabakh conflict and of Russian impact as well  is a direct way for US investments in Armenia and AzerbaijanThe elimination of Karabakh conflict and of Russian impact as well  is a direct way for US investments in Armenia and Azerbaijan
Manvel Sargsyan: Oligarchic order was broken in Armenia, but the  threat of a return to authoritarianism remains.(video)Manvel Sargsyan: Oligarchic order was broken in Armenia, but the  threat of a return to authoritarianism remains.(video)
Expert: Only four political forces have chances to be elected to the Armenian parliamentExpert: Only four political forces have chances to be elected to the Armenian parliament
Victor Nadein-Raevsky: The people of Azerbaijan are not ready to  realize the mistakes of the past (video)Victor Nadein-Raevsky: The people of Azerbaijan are not ready to  realize the mistakes of the past (video)
Alexander Krylov: Supporters of turning the CSTO into an influential organization are interested in the soonest overcoming of Alexander Krylov: Supporters of turning the CSTO into an influential organization are interested in the soonest overcoming of "Khachaturov`s incident."
Ambassador of Japan: Your people have a special genesis, amazing narture of endurance and optimismAmbassador of Japan: Your people have a special genesis, amazing narture of endurance and optimism
Asaf Hajiyev: I believe that if the format of the OSCE Minsk Group  does not bring results, then alternative solutions to the Karabakh  issue should be sought.Asaf Hajiyev: I believe that if the format of the OSCE Minsk Group  does not bring results, then alternative solutions to the Karabakh  issue should be sought.
Bolot Otunbayev: Cooperation between Kyrgyzstan and Armenia will  actively develop for the benefit of our peoplesBolot Otunbayev: Cooperation between Kyrgyzstan and Armenia will  actively develop for the benefit of our peoples
Ariel Cohen: The United States will act decisively to prevent violation of sanctions regime against Iran by Armenia, Georgia and AzerbaijanAriel Cohen: The United States will act decisively to prevent violation of sanctions regime against Iran by Armenia, Georgia and Azerbaijan
Zhirayr Sefilyan: The Pragmatism Of Sasna Tsrer is in Prospective WorkZhirayr Sefilyan: The Pragmatism Of Sasna Tsrer is in Prospective Work
Tevan Poghosyan: None of the political forces act to overcome the challenges facing ArmeniaTevan Poghosyan: None of the political forces act to overcome the challenges facing Armenia
Stepan Safaryan: Va Bank raid  is absolutely unpromising for parliamentary forcesStepan Safaryan: Va Bank raid  is absolutely unpromising for parliamentary forces
Avigdor Eskin: Collapse in Iran is inevitable, as a result of tough US sanctionsAvigdor Eskin: Collapse in Iran is inevitable, as a result of tough US sanctions
Zardusht Alizade: There are no physical walls between Armenians and Azerbaijanis. There are, walls built from the outside, mental and psychologicalZardusht Alizade: There are no physical walls between Armenians and Azerbaijanis. There are, walls built from the outside, mental and psychological
Alexander Iskandaryan: Results of elections in Yerevan will be reflected to early parliamentary elections in Armenia   Alexander Iskandaryan: Results of elections in Yerevan will be reflected to early parliamentary elections in Armenia  
Hovhannes Igityan: Putin will prefer to improve  relations with Pashinyan, rather than drag Kocharyan out of the political dumpHovhannes Igityan: Putin will prefer to improve  relations with Pashinyan, rather than drag Kocharyan out of the political dump
Zornitsa Rusinova: Bulgaria is ready to assist Armenia in the issue of closing special institutions for the maintenance of childrenZornitsa Rusinova: Bulgaria is ready to assist Armenia in the issue of closing special institutions for the maintenance of children
For achieving peace in Karabakh Azerbaijan needs a revolution similiar to Armenian oneFor achieving peace in Karabakh Azerbaijan needs a revolution similiar to Armenian one
Karapet Rubinyan: Total national hatred does not leave Robert Kocharyan any  chances to Karapet Rubinyan: Total national hatred does not leave Robert Kocharyan any  chances to "return"
Constructive dialog with no secret topics is the basis for strengthening relationsConstructive dialog with no secret topics is the basis for strengthening relations
Ruben Melkonyan: Successful maneuvering between Russia and USA is Turkey’s guarantee for further advance in Syria and IraqRuben Melkonyan: Successful maneuvering between Russia and USA is Turkey’s guarantee for further advance in Syria and Iraq
In Moscow they wanted to see Karen Karapetyan in the place of Serzh Sargsyan, but they reconciled with Nikol PashinyanIn Moscow they wanted to see Karen Karapetyan in the place of Serzh Sargsyan, but they reconciled with Nikol Pashinyan
Konstantin Orbelyan: One person can do a lot, especially if he has  such reliable partnersKonstantin Orbelyan: One person can do a lot, especially if he has  such reliable partners
Hrachya Arzumanyan: To complete the fight against the past successfully. Nikol Pashinyan needs experienced politicians, diplomats, analysts and military officersHrachya Arzumanyan: To complete the fight against the past successfully. Nikol Pashinyan needs experienced politicians, diplomats, analysts and military officers
Commented
Nikol Pashinyan expects specific recommendations from the people  related to resolving the Karabakh issue Nikol Pashinyan expects specific recommendations from the people  related to resolving the Karabakh issue 
Baku calls Yerevan to be pragmatic in Karabakh settlementBaku calls Yerevan to be pragmatic in Karabakh settlement
Asaf Hajiyev: When we are threatened, we cannot but respondAsaf Hajiyev: When we are threatened, we cannot but respond
"Do you agree to pay for job posts  that are not needed?" - Nikol  Pashinyan on reductions in Gazprom Armenia
Gagik Tsarukyan: Transgender speech in parliament was a provocation directed against the Prosperous Armenia PartyGagik Tsarukyan: Transgender speech in parliament was a provocation directed against the Prosperous Armenia Party
Tigran Avinyan on dismissal of Konstantin Orbelyan: There can be no  privileged in any field, including the cultural sectorTigran Avinyan on dismissal of Konstantin Orbelyan: There can be no  privileged in any field, including the cultural sector
Analyst: Opening of the Armenian Embassy in Jerusalem will be a  brilliant tactical stepAnalyst: Opening of the Armenian Embassy in Jerusalem will be a  brilliant tactical step
American expert: Very individual processes in Armenia raised global  issuesAmerican expert: Very individual processes in Armenia raised global  issues
Pashinyan turns to citizens for advice: is it worth depriving more  than 11 thousand compatriots of benefits?Pashinyan turns to citizens for advice: is it worth depriving more  than 11 thousand compatriots of benefits?
Mailyan: Proposals and principles that have been outdated for the  last 27 years and need to be revisedMailyan: Proposals and principles that have been outdated for the  last 27 years and need to be revised
Dismantling of a cafe near Opera and Ballet Theater beganDismantling of a cafe near Opera and Ballet Theater began
Avigdor Eskin: Opening of Armenian Embassy  in Israel is a  breakthroughAvigdor Eskin: Opening of Armenian Embassy  in Israel is a  breakthrough
Ruben Varadnyan: <I am not an angel, but there is nothing we should  justify ourselves for>Ruben Varadnyan:
Alain Simonyan: Competition announced for the best tex for the new  anthem of ArmeniaAlain Simonyan: Competition announced for the best tex for the new  anthem of Armenia
Forecast:  Only the surrender of Karabakh can give reality to  prospects for Armenia`s entry into NATO Forecast:  Only the surrender of Karabakh can give reality to  prospects for Armenia`s entry into NATO 
Armenian President met with Chairman of Rockefeller Brothers Fund in  MunichArmenian President met with Chairman of Rockefeller Brothers Fund in  Munich
Street art and graffiti festival for the first time to be held in  YerevanStreet art and graffiti festival for the first time to be held in  Yerevan
Inessa Gabayan relieved of the post of Chairman of the Water  Management Committee of ArmeniaInessa Gabayan relieved of the post of Chairman of the Water  Management Committee of Armenia
Armenia voted against updated version of Ukrainian resolution on  CrimeaArmenia voted against updated version of Ukrainian resolution on  Crimea
UN Special Rapporteur did not see pressure on activists opposing the  exploitation of Amulsarskoye fieldUN Special Rapporteur did not see pressure on activists opposing the  exploitation of Amulsarskoye field
Stepanakert: John Bolton`s expectations for the Azerbaijan-Karabakh  conflict settlement, they are not realistic, for various reasonsStepanakert: John Bolton`s expectations for the Azerbaijan-Karabakh  conflict settlement, they are not realistic, for various reasons
British Ambassador: We hope that in these elections there will be no  hatred and xenophobia, which could be observed in the pastBritish Ambassador: We hope that in these elections there will be no  hatred and xenophobia, which could be observed in the past
Armenian President held a series of meetings with heads of large  corporations as part of his working visit to FranceArmenian President held a series of meetings with heads of large  corporations as part of his working visit to France
Yerkir Tsirani: Hayk Marutyan appointed as his main advisor a man who  participated in the robbery and illegal actions of the previous  governmentYerkir Tsirani: Hayk Marutyan appointed as his main advisor a man who  participated in the robbery and illegal actions of the previous  government
NGO NGO "International Humanitarian Development" declassified organizers  of an international LGBT forum in Armenia
Bolton warned Armenia against possible military involvement in the  Syrian crisisBolton warned Armenia against possible military involvement in the  Syrian crisis
Investigation Committee of Armenia identifies woman found today  under the bridge in DavidashenInvestigation Committee of Armenia identifies woman found today  under the bridge in Davidashen
Baku calls on Armenian authorities to take real steps for the  settlement of Karabakh conflict Baku calls on Armenian authorities to take real steps for the  settlement of Karabakh conflict 
Bolton: Trump may use its powers to repeal 907th Amendment Bolton: Trump may use its powers to repeal 907th Amendment 
Amnesty bill promulgated: ``Sasna Tsrer`` group members will be  amnestied if victims do not objectAmnesty bill promulgated: ``Sasna Tsrer`` group members will be  amnestied if victims do not object
Search by date