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ARARAT GOLD RECOVERY COMPANY MAY LOSE LICENSE
Lragir.am
26 July 06
The minister of trade and economic development Karen Chshmarityan
told July 26 that Ararat Gold Recovery Company is looking for a
site to build a new factory outside the basin of Lake Sevan. The
government of Armenia had turned down the offer of the company to
build a factory 30 km from Lake Sevan for environmental reasons.
Afterwards the company had suggested that the government offer a site
to avoid more expenses on bills of quantities.
Besides, Karen Chshmarityan informed that the company is facing
problems with the Armenian legislation, it extended its problems to
the Ministry of Environmental Protection, and "as far as I know,
AGRC admitted they are having problems." Karen Chshmarityan says
it is possible that the company will end up losing their license,
"Never say never."
Lragir.am
26 July 06
The minister of trade and economic development Karen Chshmarityan
told July 26 that Ararat Gold Recovery Company is looking for a
site to build a new factory outside the basin of Lake Sevan. The
government of Armenia had turned down the offer of the company to
build a factory 30 km from Lake Sevan for environmental reasons.
Afterwards the company had suggested that the government offer a site
to avoid more expenses on bills of quantities.
Besides, Karen Chshmarityan informed that the company is facing
problems with the Armenian legislation, it extended its problems to
the Ministry of Environmental Protection, and "as far as I know,
AGRC admitted they are having problems." Karen Chshmarityan says
it is possible that the company will end up losing their license,
"Never say never."