KAPAN, JANUARY 13, NOYAN TAPAN. Robert Falleta, director general of Deno Gold Mining Company - the former Kapan Mining and Processing Enterprise, denied the information that the financial state of Dundee Precious Metals is not good and it intends to sell Deno Gold Mining. "I as the director general has heard about it for the first time. I would be the first to be informed about such a thing," he said. 60% of the enterpise's employees have been laid off. No ores are mined, the plant and mine are not operating. According to R. Falleta, the employees are participating in training courses and the improvement of the enterprise. It was mentioned that the laid off employees will work by turns: if an employee of the same speciality is laid off for a month, while his colleague is working, the latter will be laid off next month. R. Falleta found it difficult to say what will happen in 3 months. "The truth is that no one can say what will happen in 2009. Unless the economic situation changes in the world, the relaunching of the enterprise is likely to be delayed. But we have programs and we are working in this direction," the director general stated.

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