DEBATE ON GAINS AND LOSSES OF TEGHUT MINE OPERATION

Panorama.am
13:12 02/10/2007

"Mining works on the territory of Teghut will open new job places,
transfers will be made from the state budget, schools and kindergartens
will open," Gagik Haroyan, natural resources division head of
geological agency affiliated to the nature protection ministry,
told a news conference today.

Hakob Sanasaryan, chairman of "Greens Union" also present at the debate
said: "Soome 1300 or more job places will open there. The area is a
strong agricultural complex. After 25-30 years of mining, the area
will become a dead zone. It won’t be possible to collect berries,
fruit, mushroom, which is unacceptable. By creating fake employment
places, we will lose eternal, stable employment places."

Note: "Valex Group" is planning to receive $200 million in credit
from Vneshtogbank to operate the mines.