ArmInfo."GeoProMining Gold" will provide financial assistance to Ararat community of Ararat region of Armenia, where the Company's gold recovery plant is located, in order to reconstruct the city's House of Culture and improve the nearby park.
According to the official release of the company, the corresponding agreement was signed by the General Director of "GeoProMining Gold" Anatoly Gogotin and the Head of the community Aslan Avetisyan.
On the whole, the cost of the subvention program is estimated 100 million drams, 30 million of which will be provided by the Company, 35 million - by the Armenian government, and the participation of the community is estimated 35 million drams.
General Director of "GeoProMining Gold" Anatoly Gogotin: "The community of Ararat is our old friend and a good partner, and we are working together to improve the quality of life and comfort of the residents, many of whom are involved in our activities. As our experience in the Gegharkunik region testifies, subvention programs are one of the best formats for interaction between the state, businesses, and local authorities."
Head of Ararat community Aslan Avetisyan: "The social component is one of the main areas that we are working on together with the major producers of our region. In this regard, we can say that "GeoProMining Gold" is our main partner and good friend, participating in the life of the community and its residents for many years of the company's presence in our region. I believe that the example of this Company will be contagious for other large enterprises of the region."
According to the source, the current project is the third subvention program in which, along with local government and the Armenian government GeoProMining is participating. The first two were implemented in the Gegharkunik region of Armenia, where the Sotk mine, operated by the Company is located. In particular, the Company allocated 100 million drams for implementation of the programs of gas supply to a number of villages, development of water supply network, lighting of rural streets, reconstruction and improvement of streets and the park in the city of Vardenis, as well as adjacent rural communities.
It should be reminded that GeoProMining Group of Companies, one of the largest industrial investors in Armenia, has been operating in the country for 15 years. The Armenian assets of the group consist of the Sotk Gold Mine, the Ararat Gold Mining Plant and the Agarak Copper-Molybdenum Combine. Over 15 years of operation, the group has invested more than 400 million US dollars in the modernization of its Armenian enterprises. The amount of the Group's social investments in the development of the regions where it operates exceeds USD 15 million.