Opening Ceremony Of Deno Gold Mining Company’s Geghanush Tailing Pit

OPENING CEREMONY OF DENO GOLD MINING COMPANY’S GEGHANUSH TAILING PIT TAKES PLACE

Noyan Tapan

Ma y 20, 2008

YEREVAN, MAY 20, NOYAN TAPAN. Despite the fact that the Geghanush
tailing pit of Deno Gold Mining Company (DGMC) – the former Kapan
ore mining and processing enterprise – was put into operation on
April 25, its opening ceremony took place on May 20, after solution
of some technical problems.

The director general of the enterprise Robert Faleta said that
the design solutions of the Geghanush tailing pit were developed,
taking into account the best international experience, which allows to
reduce the tailing pit’s impact on the environment to a minimum. The
construction cost about 6 million dollars and lasted two years. The
circulation system of cleaned water enables the enterprise to use
this water in the plant’s technological processes. The waste waters
will flow not into a river but back to the enterprise and will be
used again for technological purposes. So, in the words of R. Faleta,
natural resources will be saved.

The enterprise is doing large-scale geological survey in Kapan region,
and R. Faleta took the opportunity to offer the representatives of
the local authorities to get acquainted with the work done at the
north site of Shahumian mine. In all likelihood, this area will
become an open mine, and drilling work is being done there. Modern
drilling equipment has been brought from abroad, about 100 jobs have
been created. The regional governor of Syunik marz Surik Khachatrian
and the mayor of Kapan Armen Karpetian showed interest in the land
allocation agreements and land categories.

R. Faleta assured them that everything is done in accordance with
the Armenian legislation.

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