RA Prime Minister Tigran Sargsyan Received Haik Aloyan, Director Gen

RA PRIME MINISTER TIGRAN SARGSYAN RECEIVED HAIK ALOYAN, DIRECTOR GENERAL OF GEOTEAM LTD

Thursday , 19 March 2009

RA Prime Minister Tigran Sargsyan received Haik Aloyan, director
general of Geoteam Ltd., registered in the Republic of Armenia
as economic entity involved in geological survey and prospecting
activities, Brian Levett, regional director of the US-based Newmont
Mining Corporation, a company stakeholder and a worldwide leader
in the field of gold mining, as well as Head of the World Bank’s
International Financial Corporation Armenia office Nerces Karamanukyan.

The guests briefed the Prime Minister on the Company activities
implemented in Armenia since 2006, including the works carried out in
Syunik and Vayotz Dzor marzes, as well as on the future plans. They
said that as result of said activities, a new type of gold deposit has
been identified in Vayotz Dzor (Amulsar), which offers good prospects
for exploration and mining. The Director General of Geoteam further
advised that sizeable investment will be available as soon as the
Company has the needed license from the government.

Brian Levett and Nerces Karamanukyan stressed that their investment
programs allow for the tackling of social-economic and environmental
development problems in the marz.

Appreciative of those activities realized so far in our country,
as well as of Geoteam’s commitment to exploit the gold deposit
of20Amulsar, Prime Minister Tigran Sargsyan wished them every success
with the implementation of the programs ahead.

http://www.gov.am/en/news/item/4519/