DUNDEE PRECIOUS METALS COMPANY INTENDS TO INCREASE THE INVESTMENTS IN ARMENIA

armradio.am
28.11.2007 14:14

RA Prime Minister Serge Sargsyan received today Canadian businessmen
Jonathan Goodman, James Small and Canadian Armenian businessman,
Professor Azat Vardanyan.

The Goodman family is the founder of a number of companies operating
in various spheres. Jonathan Goodman is the owner and president of
the "Dundee Precious Metals" Company engaged in investigation and
exploitation of mines containing precious metals. In Armenia the
Company is represented by "Dino Gold" Company, which has launched an
active work in Syunik marz and has invested more than $30 million so
far. The Company intends to invest another $20 million to investigate
the mine of Kapan.

PM Serge Sargsyan welcomed the intention of the businessmen and noted
that the Armenian Government is interested in working with companies
having reputation, experience and high rating. Mr. Sargsyan assured
that necessary favorable conditions have been created for promoting
investments and business in Armenia. Considering the mining industry
one of the important spheres of our country’s economy, on behalf
of the Armenian Government Serge Sargsyan expressed willingness to
support the Company in the implementation of its programs.

The businessmen expressed gratitude to the Armenian Government and
the Prime Minister for cooperation, and the willingness to support,
emphasizing that it is important for any foreign investor.

During the conversation the guests stressed the importance of
reciprocal visits of the Prime Ministers of the two countries, which,
according to them, will open new perspectives for the development of
Armenian-Canadian economic cooperation.