KAPAN ORE PROCESSING ENTERPRISE WILL RESUME OPERATIONS

Noyan Tapan
Apr 2, 2009

Kapan, April 2, Noyan Tapan. Robert Fallerta, General Director of the
Deno Gold Mining company CJSC, former Kapan ore processing enterprise,
announced at the press-conference called on March 30, that the
enterprise would start operating April 1. 950 -1000 employees will
be occupied at the enterprise instead of previous 1200. The company
will produce copper and zinc concentrates, and zinc concentrate will
be temporarily reserved, while copper concentrate will be sold.

"Mass lockouts are not anticipated, there will be no change in
salaries, new work contracts will be signed with employees," told
R.Fallerta.

Significant work had been done during the forced outage. New
air-conditioning and lighting systems had been installed, new
technologies for further exploitation have been developed at the
factory and mine.

According to Fallerta, implementation of social programs in the region
of Kapan will be continued.