IN ADDITION TO OVER 30 MILLION DOLLARS INVESTED BY "DUNDEE
PRECIOUS METALS" IN SYUNIK SO FAR, 20 MILLION DOLLARS TO BE
INVESTED FOR EXPLORATION OF KAPAN MINE
PRECIOUS METALS" IN SYUNIK SO FAR, 20 MILLION DOLLARS TO BE
INVESTED FOR EXPLORATION OF KAPAN MINE
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IN ADDITION TO OVER 30 MILLION DOLLARS INVESTED BY "DUNDEE
PRECIOUS METALS" IN SYUNIK SO FAR, 20 MILLION DOLLARS TO BE
INVESTED FOR EXPLORATION OF KAPAN MINE
29-11-2007 19:00:00 | Armenia | Economy
YEREVAN, NOVEMBER 29, NOYAN TAPAN. The Armenian prime
minister Serge Sargsian on November 28 received Canadian
businessmen Jonathan Goodman, James Small and Canadian Armenian
businessman Prof. Azat Vardanian. It was reported from the
Armenian government that the Goodman family is the founder of a
number of companies operating in various sectors and the
Goodman's wealth is assessed to be worth more than 65 billion
dollars. Jonathan Goodman is the owner and president of Dundee
Precious Metals company engaged in exploraion and operation of
mines containing precious metals. In Armenia, the company is
represented by Dino Gold company that started active work in
mining industry in Syunik marz and plans to invest another 20
million dollars for exploration of the Kapan mine in addition to
over 30 million dollars invested so far, underlining that it has
serious expectations to discover large reserves, which will make
reasonable both the investments made and larger amounts to be
invested in the future - at the operation stage.
Serge Sargsian welcomed the businessmen's intention and
said that the Armenian government is interested in the entrance
of famous companies with large experience and high rating into
Armenia because such companies develop the Armenian economy by
making investments in various sectors in parallel with
conducting profitable business in our country. The prime
minister assured the businessmen that all the necessary
favorable conditions have been and will be created for
encouragement of investments and business in Armenia.
Considering the mining industry as one of the most
important sectors of the Armenian economy, S. Sargsian on behalf
of the Armenian government expressed a willingness to assist the
company with implementation of the presented programs. The prime
minister attached special importance to the most efficient use
of reserves of Armenia, which is not so rich in natural
resources, paying particular attention to environmental
problems.