IN ADDITION TO OVER 30 MILLION DOLLARS INVESTED BY "DUNDEE PRECIOUS METALS" IN SYUNIK SO FAR, 20 MILLION DOLLARS TO BE INVESTED FOR EXPLORATION OF KAPAN MINE
Noyan Tapan
Nov 29, 2007
YEREVAN, NOVEMBER 29, NOYAN TAPAN. The Armenian prime minister Serge
Sargsian on November 28 received Canadian businessmen Jonathan Goodman,
James Small and Canadian Armenian businessman Prof. Azat Vardanian. It
was reported from the Armenian government that the Goodman family
is the founder of a number of companies operating in various sectors
and the Goodman’s wealth is assessed to be worth more than 65 billion
dollars. Jonathan Goodman is the owner and president of Dundee Precious
Metals company engaged in exploraion and operation of mines containing
precious metals. In Armenia, the company is represented by Dino Gold
company that started active work in mining industry in Syunik marz
and plans to invest another 20 million dollars for exploration of
the Kapan mine in addition to over 30 million dollars invested so
far, underlining that it has serious expectations to discover large
reserves, which will make reasonable both the investments made and
larger amounts to be invested in the future – at the operation stage.
Serge Sargsian welcomed the businessmen’s intention and said that
the Armenian government is interested in the entrance of famous
companies with large experience and high rating into Armenia because
such companies develop the Armenian economy by making investments
in various sectors in parallel with conducting profitable business
in our country. The prime minister assured the businessmen that all
the necessary favorable conditions have been and will be created for
encouragement of investments and business in Armenia.
Considering the mining industry as one of the most important sectors of
the Armenian economy, S. Sargsian on behalf of the Armenian government
expressed a willingness to assist the company with implementation
of the presented programs. The prime minister attached special
importance to the most efficient use of reserves of Armenia, which
is not so rich in natural resources, paying particular attention to
environmental problems.