GAGIK JHANGIRYAN FAILS TO STAND ON HIS CLAIM AGAINST ARARAT GOLD

Panorama.am
17:01 20/08/2007

Today the Armenian Economic Court was to discuss Deputy Chief
Prosecutor Gagik Jhangiryan’s legal case against Ararat Gold Mining
Ltd. None of the parties appeared in the court.

Jhangiryan had filed a statement of claim to the Economic Court
on August 2 against Ararat Gold Mining Ltd asking to terminate the
contract on Sotk gold mine processing concluded between Ararat Gold
Minding Ltd.

and Ministry of Nature Protection on March 13, 1999 and, consequently,
to cancel the right of gold mining which the enterprise gained by
Special License N HA-L-14/166 issued by the Ministry of Trade and
Economic Development on June 7, 2004.