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