Head Of Armavia Airline Disagrees With IAC Conclusions

HEAD OF ARMAVIA AIRLINE DISAGREES WITH IAC CONCLUSIONS

Yerevan, August 23. ArmInfo. Head of the Armenian national airline
Armavia, Mikhail Baghdasarov, categorically disagrees with the
conclusions of the International Aviation Committee (IAC) on the
results of the investigation of A- 320 crash near Sochi on May 3. To
recap, under IAC made a conclusion that the reason of the crash was
human factor, i.e. the faults of the crew.

In an interview to Haykakan Zhamanak, M. Baghdasarov says: "What
was shown to us was not right." He says none of the Armenian party
representatives participating in the investigation have signed any
document so far. In such conditions, no final resolution is possible,
he says. The fact that IAC published its version of the resolution
is a gross violation of international aviation rules. Under these
rules, a resolution on the results of a crash investigation is made
subject to the fact that the resolution is final. While, it requires
signatures of all the parties of the investigation, Baghdasarov says.

DPM Completes Acquisition Of 80% Interest In Armenian Deno Gold

DPM COMPLETES ACQUISITION OF 80% INTEREST IN ARMENIAN DENO GOLD

Market Wire Incorporated
Aug 23, 2006

Precious Metals Inc. (TSX: DPM) ("Dundee Precious", "DPM" or "the
Company") is pleased to announce that it has completed the transaction
previously announced on August 10, 2006, with Vatrin Investment Limited
("Vatrin") with respect to the acquisition of 80% of the Kapan Mining
Project, located in Southern Armenia, for US$22 million, plus an
additional US$10 million investment commitment for mine expansion.

The Kapan Mine is located approximately 1.5km from the town of Kapan
and some 320km south of the Armenian capital of Yerevan. It has annual
production of 300,000 tonnes of ore from its current underground
operations, which DPM intends to expand in order to maximize the
present mine milling capacity of over 1 million tonnes/year. The
concentrate produced at Kapan is readily saleable due to the lack of
impurities or deleterious elements.

Dundee Precious Metals Inc. is a Canadian based, international mining
company engaged in the acquisition, exploration, development and
mining of precious metals. It currently owns the Chelopech Mine,
a producing gold/copper mine, and the Krumovgrad Gold Project, a
mining development project, both located in Bulgaria, and is engaged
in mineral exploration activities in Serbia. In addition, Dundee
owns a 100% interest in the Back River gold exploration project in
Nunavut, Canada and an 80% interest in the Kapan Mining Project in
Armenia. The Company also holds a significant and strategic portfolio
of investments in the precious metals and mineral related sector.

FORWARD- LOOKING STATEMENTS

This news release may contain certain information that constitutes
forward-looking statements. Forward-looking statements are frequently
characterized by words such as "plan," "expect," "project," "intend,"
"believe," "anticipate" and other similar words, or statements that
certain events or conditions "may" or "will" occur. Forward-looking
statements are based on the opinions and estimates of management at
the date the statements are made, and are subject to a variety of
risks and uncertainties and other factors that could cause actual
events or results to differ materially from those projected in the
forward-looking statements. These factors include the inherent risks
involved in the exploration and development of mineral properties,
the uncertainties involved in interpreting drilling results and other
geological data, fluctuating metal prices and other factors described
above and in the Company’s most recent annual information form under
the heading "Risk Factors" which has been filed electronically by
means of the Canadian Securities Administrators’ website located
at _www.sedar.com_ () . The Company disclaims
any obligation to update or revise any forward-looking statements if
circumstances or management’s estimates or opinions should change. The
reader is cautioned not to place undue reliance on forward-looking
statements.

Contacts: Dundee Precious Metals Inc. Jonathan Goodman President &
Chief Executive Officer (416) 365-2408 [email protected]
Dundee Precious Metals Inc. Gabriela M. Sanchez Vice President Investor
Relations (416) 365-2549 [email protected]

http://www.sedar.com

Arrested Editor’s Brother Brought To Police

ARRESTED EDITOR’S BROTHER BROUGHT TO POLICE
By Karine Kalantarian

Radio Liberty, Czech Rep.
Aug. 22, 2006

The brother of a controversially arrested newspaper editor was taken
to a police precinct on Tuesday morning following a tip-off alleging
that a person wanted by police was hiding in his apartment.

Vice-Director of the Skizb Media Ltd. Artak Babajanian, who is the
brother of "Yerevan Zhamanak" editor Arman Babajanian, later told
RFE/RL that police officers came to his apartment in Komitas Avenue at
8:30 am and began knocking at his door and demanding that he open it.

Babajanian, who had not been notified of the visit by the police or
invited to the police precinct in advance, had to get in touch with
his relatives on the phone and make sure that those knocking on the
door were indeed representatives of the law. He said he opened the
door only after his relatives confirmed that.

According to Babajanian, the police workers did not give him any
explanations, saying that he ‘would know everything at the police
precinct’.

At 11:00 am, Yerevan Police Department Head Nerses Nazarian explained
to RFE/RL that police needed to check some information with Babajanian
and that he would be released soon after.

Before his release about half an hour later, Babajanian was told that
he had been brought to the police precinct following an alarm that
a person wanted by the police lived in his apartment.

Babajanian signed a paper that he had never been wanted by the police
before and was released after what appeared to be three hours of
stress and civil rights violation at the police precinct.

Two months ago prosecutors arrested his brother Arman Babajanian
on forgery and draft evasion charges. Despite his representing no
threat to society, Babajanian, who later partially admitted to the
charges during the trial, was denied a release on bail pending trial,
which was denounced by the editors of Armenia’s leading newspapers
as politically motivated.

Lawyer Zaruhi Postanjian explains that the police did not have
sufficient grounds for bringing Artak Babajanian to the precinct.

"Had he been notified in advance that police wanted to question him and
failed to respond to the subpoena as a witness, accused or suspect,
the police then would have reasons for taking him to the precinct,"
she said.

Chief Prosecutor’s Office Finds Another Member of Criminal Group Whi

CHIEF PROSECUTOR’S OFFICE FINDS ANOTHER MEMBER OF CRIMINAL GROUP WHICH WAS SENDING WOMEN TO DUBAI FOR SEXUAL EXPLOITATION

Armenpress
Aug 23 2006

YEREVAN, AUGUST 23, ARMENPRESS: Officials from Armenian chief
prosecutor’s office have found another member of the criminal
band which was cheating women and sending them to Dubai for sexual
exploitation.

Chief prosecutor’s office official said that the member of the group,
K. Ghandilian, having neither permanent place of living nor job,
lived in the apartment of his partner from Gyumri. There he met with
L. Bagarian who suggested earning money by sending women, who are in
bad social condition, to Dubai promising them well-paid good job there.

In September 2005, in one of the streets of Gyumri Ghandilian met
one of his acquaintances H. Z. and offered her job in Dubai, saying
she would work their as a waitress and would get high salary.

Being in socially bad condition she agreed but as soon as they reached
Dubai the criminals took the passport from the woman and made her
work as a prostitute. Ghandilian’s case has been sent to Shirak’s
court of first instance.

Pope Appeals For The Release Of Priest Kidnapped In Baghdad

POPE APPEALS FOR THE RELEASE OF PRIEST KIDNAPPED IN BAGHDAD

AP Worldstream
Aug 19, 2006

Pope Benedict XVI has appealed for the release of a priest kidnapped
at gunpoint in Baghdad, in a telegram sent to the Chaldean Patriarch
of the Iraqi capital, the Vatican said Saturday.

In the telegram, sent by the Vatican’s Secretary of State Angelo
Sodano, the pontiff said he was "deeply saddened" by the abduction
of the Rev. Hanna Saad Sirop and made a "heartfelt appeal to the
abductors to release the young priest at once, so that he can return
to the service of God, the Christian community and his countrymen."

The telegram was sent to Chaldean Patriarch Emmanuel Delly. It gave
the name of the priest as Saad Syrop Hanna, differing slightly from
the name first published Friday by the Vatican-affiliated Asia News
agency.

Bishops from all of Baghdad’s Christian churches have sent a letter
to the Iraqi government asking them to help secure the release of
the 34-year-old priest.

The priest, who is director of the Theology Department at Babel
College, was abducted Tuesday as he left Mass celebrating the
Assumption holiday.

The Italian missionary news agency MISNA reported that a large ransom
was asked for the release of the priest, but did not say how much.

In his message, Benedict said he would pray for an end to "this
dreadful scourge" of kidnappings in Iraq and urged Catholics there
"to work together with all religious believers and people of good
will toward a future of harmonious and respectful coexistence for
the beloved nation of Iraq."

Christians make up just 3 percent of Iraq’s 26 million people. The
major Christian groups include Chaldean-Assyrians and Armenians,
with small numbers of Roman Catholics.

BAKU: Azeri TV Says Armenians Fortify Front Line Positions

AZERI TV SAYS ARMENIANS FORTIFY FRONT LINE POSITIONS

Lider TV, Baku
17 Aug 06

Armenians who set fire to the occupied Azerbaijani lands some time
ago are now fortifying their positions along the front line. The
Armenian armed forces have started fortifying defence facilities in
the occupied village of Bas Qarvand in [Azerbaijan’s] Agdam District.

Our regional correspondent reports that the enemy is deepening
trenches along the contact line [of the Armenian and Azerbaijani
troops]. Residents of front line villages say that they saw heavy
machinery, lorries and engineering equipment involved in the work.

[Video showed Azerbaijani soldiers in trenches and Armenian positions]

Armenian Growth Raises Questions About Ex-President’s Gloomy Forecas

ARMENIAN GROWTH RAISES QUESTIONS ABOUT EX-PRESIDENT’S GLOOMY FORECAST
Emil Danielyan

EurasiaNet, NY
Aug. 16, 2006

Levon Ter-Petrosian, Armenia’s reclusive former president, has
disclosed new details about his bitter dispute with key hard-line
members of his cabinet that forced him to step down in February 1998.

The newly released transcript of Ter-Petrosian’s speech at a pivotal
meeting of the former Armenian leadership’s top decision-making body
provides insight into the former president’s belief that Armenia’s
economic development is impossible without a settlement of the
Nagorno-Karabakh conflict.

Ter-Petrosian’s opponents in 1998, including incumbent President
Robert Kocharian, took a diametrically opposite view. And they now
say that time has proved Ter-Petrosian wrong, pointing to robust
economic growth registered by Armenia in the past eight-plus years.

The Armenian economy is on track to expand at a double-digit rate
for a sixth consecutive year despite the unresolved conflict, a
performance that has repeatedly drawn praise from Western lending
institutions. [For background see the Eurasia Insight archive].

Ter-Petrosian allies insist, however, that only a small share of
Armenians have benefited from the economic improvements. And they
maintain that growth is not sustainable without a normalization of
relations with neighboring Azerbaijan and Turkey.

The power struggle that toppled Ter-Petrosian was sparked in the
summer 1997 by an international peace plan calling for a gradual
settlement of the Karabakh dispute. The plan, accepted by Azerbaijan,
would indefinitely delay agreement on Karabakh’s status until after
the return of Armenian-occupied Azerbaijani territories surrounding
Karabakh, and the reopening of the Armenian-Azerbaijani border.

American, French and Russian mediators co-heading the OSCE Minsk
Group argued that these confidence-building measures would facilitate
a future deal on the territory’s status.

Ter-Petrosian fully accepted this approach, laying out his vision
for Karabakh peace during a September 1997 news conference and a
subsequent newspaper article. Armenians, he wrote, should settle for
the proposed compromise because they "did not win a war, but a battle"
and because "the international community will not tolerate the status
quo for long." But other key policymakers, led by then-prime minister
Kocharian and then-Defense Minister Vazgen Sarkisian, insisted on
a single "package" accord that would settle all sticking points
at once. Their main argument was that it would be too risky for
the Armenian side to pull out of the occupied Azerbaijani lands,
which constituted Yerevan’s main bargaining chip, without securing
international recognition of Karabakh’s secession from Azerbaijan.

The crisis reached its peak on January 7-8, 1998 at a confidential
meeting of Armenia’s National Security Council attended by two
dozen top officials, among them Karabakh’s ethnic Armenian leaders
allied with the Kocharian-Sarkisian duo. The two sides reportedly
stuck to their guns during the two days of heated discussion, with
Ter-Petrosian and his top loyalists, including then parliament speaker
Babken Ararktsian and Foreign Minister Aleksandr Arzumanian, finding
themselves in minority. About a month later Ter-Petrosian went on
state television to announce his resignation and the defeat of his
"party of peace."

Details of that meeting remained sketchy until the 61-year-old
ex-president, who has rarely been seen in public since losing power,
published his concluding speech in the Yerevan newspaper Haykakan
Zhamanak in late July. Most of it elaborates on what Ter-Petrosian
described as the "physical limits" imposed by the Karabakh factor on
Armenia’s post-Soviet economic prospects. "As long as these factors
remain in place, whoever governs Armenia, no matter how [smart] they
are, will fail to not only ensure a normal course of the country’s
economic development but also to solve existing socioeconomic
problems," he told his rivals. He argued that disproportionately
high transportation costs resulting from the closed borders with
Azerbaijan and Turkey, and a lack of rail communication with the
outside world would continue to stifle Armenian exports and scare
away foreign investors.

Ter-Petrosian went on to describe arch-rival Azerbaijan and Turkey as
Armenia’s "most natural and beneficial economic partners" and lament
the untapped "huge potential" of Turkish-Armenian commercial ties. He
also warned of Armenia’s exclusion from regional economic projects
such as the Baku-Tbilisi-Ceyhan oil pipeline.

The Armenian economy had shrunk by half in 1992-1993 following the
outbreak of wars in the South Caucasus. It began to slowly recover
after a Russian-mediated truce stopped fighting in Karabakh in May
1994. Ter-Petrosian claimed in his 1998 speech that the recovery
would slow down and perhaps stall altogether if the Karabakh dispute
remained unresolved for several more years.

But economic growth only accelerated after his resignation, moving
into the double digits in 2001. As a result, Armenia has more than
doubled its GDP and state budget since 1998. Government statistics
also show that the proportion of Armenians living below the official
poverty line fell from 56 percent to 34.6 percent between 1999 and
2005. "Armenia’s economic performance has been impressive in recent
years," Rodrigo de Rato, managing director of the International
Monetary Fund, said during a June visit to Yerevan.

Kocharian and his allies now feel that history has born out their view
that peace with Azerbaijan is not a necessary condition for economic
development. "Ter-Petrosian wrongly calculated Armenia’s potential for
socioeconomic development," said Spartak Seyranian, a senior member of
the Armenian Revolutionary Federation, a nationalist party that was
controversially banned by Ter-Petrosian in 1994, and that has been
represented in Kocharian’s government since 1998. "The past eight
years have shown that the rejection of the 1997 peace proposals has
not prevented Armenia’s development," said Seyranian.

Ter-Petrosian supporters, however, play down the official macroeconomic
data, saying that Armenian growth would have been faster and more
broad-based had Yerevan agreed to the 1997 deal. In the coming years,
the economic and political risks to Yerevan posed by the Karabakh
status quo will grow, as Azerbaijan reaps the benefits of its vast
reserves of natural resources. "In essence, his [Ter-Petrosian’s]
views remain valid," Levon Zurabian, the ex-president’s former
spokesman who was also present at the Security Council meeting,
told EurasiaNet. "We remain depressed in the economic sense."

In his disclosed speech, Ter-Petrosian accused his opponents in 1997
of being irreconcilable enemies of compromise with Azerbaijan. His
opponents counter that international mediators have put forward three
different peace plans since Ter-Petrosian’s resignation and all of
them were essentially accepted by the Kocharian administration. The
most recent of these proposals envisages a gradual solution to the
Armenian-Azerbaijani conflict that would begin with the liberation
of Armenian-controlled districts in Azerbaijan proper and end in a
referendum on Karabakh’s status.

Ter-Petrosian loyalists claim that the current government in Yerevan
has embraced a peace formula that is similar to that which mediators
placed on the table back in 1997. The Kocharian camp strongly
disagrees, saying that the referendum envisioned in the existing plan
would almost certainly formalize Armenian control over Karabakh. In
the words of current Defense Minister Serge Sarkisian, this is what
makes the existing Minsk Group "much more favorable" for the Armenian
side. "The 1997 plan said nothing about the [predominantly Armenian]
Karabakh people’s right to self-determination," Sarkisian said.

But as the Minsk Group co-chairs admitted recently, the existing
plan could still collapse amid lack of agreement on the method and
scope of a Karabakh referendum. Azerbaijani President Ilham Aliyev
has repeatedly said in recent months that his administration will
never recognize Karabakh’s independence or unification with Armenia,
calling into question the implementation of the peace deal currently
on the table.

"In any dispute, the key thing is not what the mediator proposes but
what the parties accept," said Zurabian. "In 1997 we had a variant
officially accepted by Azerbaijan. I just don’t know of any other
peace plans acceptable to Azerbaijan."

Editor’s Note: Emil Danielyan is a Yerevan-based journalist and
political analyst.

Statue To Christ Sculptured By Hrayr Avetian Opened In Latvian Town

STATUE TO CHRIST SCULPTURED BY HRAYR AVETIAN OPENED IN LATVIAN TOWN OF AGLONE

Noyan Tapan
Aug 15 2006

AGLON, AUGUST 15, NOYAN TAPAN. A many-metres statue to Jesus Christ
has appeared recently in the Latvian town of Aglone. The author
of the sculpture in Hrayr Avetian, a graduate of the Art Academy
of Latvia. As the editorial office of the "Yerkramas" (country)
newspaper of Armenians of Russia informed, the sculpture has for six
years carved it from the Ukrainian granite. Hrayr Avetian’s sculpture
will become a deserving decoration of annual celebrations, being held
in Aglone from August 12 to 15, in honour of the Ascention of Saint
Mary the Virgin. By a formed tradition, thousands of believers from
all over the world come here on these days.

Railway Communication Between Armenia And Georgia Restored

RAILWAY COMMUNICATION BETWEEN ARMENIA AND GEORGIA RESTORED

Yerevan, August 12. ArmInfo. The passengers of the Batumi-Yerevan
train that was forced to stop at Sadakhlo because of derailed cargo
train will be taken to Batumi by buses, says the representative of
the Railway Department of Armenia Hakop Khrimyan.

The Georgian side is taking measures to restore the communication by
this evening. The train will reach Batumi by the Aug 13 morning. The
next train will leave Yerevan according to the schedule.

BAKU: British Internet Site Devoted To Karabakh Conflict

BRITISH INTERNET SITE DEVOTED TO KARABAKH CONFLICT
Author: R. Aghayev

TREND Information, Azerbaijan
Aug. 9, 2006

There is an Internet site ( ) devoted to the
Karabakh Conflict that functions in Great Bratain, the Chairman of
the London-Azerbaijan Society Talekh Heydarov told Trend.

The Internet site represents the full information about the
Armenian-Azerbaijani conflict, the history of Karabakh, its famous
faces in history, a lot of photographs and video files. The site will
particularly focus its attention on fires committed by Armenians on the
occupied territories of Azerbaijan, mass destruction of Azerbaijani
historical and cultural and religion monuments in Karabakh and many
other things.

"It should be mentioned that the Armenian lobby has worked and lived
there for over hundred years. However, over the last 10-15 years we
have seen that the British common people`s opinions about Azerbaijan
has been changed for the better. We do all possible to overcome
Armenians and bear the truth about Karabakh, and I think that we
have won Armenians in this direction, since many British people have
already known whom Karabakh is belong to. There are many Britons who
are aware of Armenia as well. However, those Britons who are aware
both of Armenia and Azerbaijan support Azerbaijan, since they know
alt the truth. We have done a good job and will work even better in
the future. Our weapons is information", told T. Heydarov. He also
added that the London-Azerbaijan Society also publishes the magazine
of "Visions of Azerbaijan in Britain" devoted to policy, economy,
culture and history of Azerbaijan.

T. Heydarov expressed his satisfaction with British-Azerbaijani
relations at all levels, and added that the British Government supports
and acknowledges the territorial integrity of Azerbaijan.

www.karabakh.co.uk