AUSTRIAN BANK TO FINANCE ARMENIAN METALS COMPANY

Mining News from Eurasia

BISNIS Mining and Metallurgy Update
16 March 2005

From BISNIS Commercial News Update – Armenia
Prepared by George Isayan, BISNIS Representative in Armenia

Austrian bank Raiffeisen will provide USD 1.5 million in credit to the
Armenian copper program (acp) closed joint-stock company, a copper mine
and processing plant. This will be part of a USD 4.5 million credit
program managed by the European Bank for Reconstruction and Development
(ebrd).

********** Forwarded by: ******************************
Ellen S. House, BISNIS Trade Specialist for Mining and Metallurgy
U.S. Department of Commerce
Tel: 202/482-2284, Fax: 202/482-2293

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From: Emil Lazarian | Ararat NewsPress