Government Decision Requires Auction For Mining Industry

GOVERNMENT DECISION REQUIRES AUCTION FOR MINING INDUSTRY

Panorama.am
16:55 09/11/06

"Efficient use of mining industry will promote our economy," Vardan
Aivazyan, minister of nature protection, told a briefing followed by a
government session. The government issued a decision according to which
a tender will be announced for processing the bowels of the earth.

According to the new order, the government announces starting amount
of the auction and the participating companies invest as much or more
to win the auction.

Aivazyan said the starting capital for 5 tones of gold may be "380
million drams." Aivazyan said these auctions may fill the budget with
big sums.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS