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WHETHER TRUMPETS TO TURN INTO COURT PROCEEDINGS FOR TEGHOUT?
16:39 December 23, 2014
EcoLur
The pompous events dedicated to the commissioning of Teghout mining
complex on 20 December were marked with the visit of top officials of
Armenia and Atrsakh. Armenian President Serzh Sargsyan and government
official attended the opening ceremony, who congratulated and the owner
and managers of Vallex Group with success. Almost simultaneously two
statements were disseminated in the press, which drastically differed
from the official pompous statements made in Teghout.
One of them is Shnogh and Teghut villagers' letter addressed to the
Danish Export Credit Fund demanding to suspend the loaning agreement
with the investor of Teghout project - Russian VTB Bank and to annul
the agreement with "Teghout" CJSC. The letter has been signed by 57
villagers. For them the figures announced at the opening ceremony,
for example, processing of 7 million tons of ore annually means that
their village will get dozens times more wastes containing ore elements
poisoning rivers and land areas.
Out of US $ 190 million, which annual value of copper and molybdenum
concentrates, the villagers will get nothing, if not take into
consideration miserable salaries to those employed at the company
and the money for leasing community land areas.
Reminder: at the very beginning the land areas of the villagers were
purchased at ridiculous price - 30-50 AMD for one sq. meter, while
orchards were purchased for 200-300 AMD. Those who refused to sell
their land areas, were made sell them through courts in line with
the formulation of the governmental resolution "eminent public domain".
The letter describes in detail not only the violations of the domestic
legislation, but also the violation of those standards and norms
prescribed for the activities of the Danish fund.
Another statement was made by "Teghout Support" civic initiative, which
particularly says, "... We have huge amount of factual materials, based
on which we are going to issue a claim to court to stop illegal mining
activities in Teghout and to award damages. We are going to submit the
materials we collected to the criminal investigation bodies demanding
from them to initiate a criminal case...Not having any guaranteed
that in the presence of high-level corruption in Armenia we will be
able to reach justice in legal way, we also intend to apply to all
political forces, international organization and private individuals
so as to deprive Teghout project of international financial flows..."
Note by EcoLur: The financial chain of Teghout project includes:
"Teghout" CJSC, 100% shares of which are owned by offshore-based
"Teghout Investment Ltd" registered in Cyprus. 100% of voting shares
of the Cyprus company are owned by "ACP" CJSC, the owner of which is
Valery Mezhlumyan.
http://ecolur.org/en/news/mining/whether-trumpets-to-turn-into-court-proceedings-for-teghout/6910/
16:39 December 23, 2014
EcoLur
The pompous events dedicated to the commissioning of Teghout mining
complex on 20 December were marked with the visit of top officials of
Armenia and Atrsakh. Armenian President Serzh Sargsyan and government
official attended the opening ceremony, who congratulated and the owner
and managers of Vallex Group with success. Almost simultaneously two
statements were disseminated in the press, which drastically differed
from the official pompous statements made in Teghout.
One of them is Shnogh and Teghut villagers' letter addressed to the
Danish Export Credit Fund demanding to suspend the loaning agreement
with the investor of Teghout project - Russian VTB Bank and to annul
the agreement with "Teghout" CJSC. The letter has been signed by 57
villagers. For them the figures announced at the opening ceremony,
for example, processing of 7 million tons of ore annually means that
their village will get dozens times more wastes containing ore elements
poisoning rivers and land areas.
Out of US $ 190 million, which annual value of copper and molybdenum
concentrates, the villagers will get nothing, if not take into
consideration miserable salaries to those employed at the company
and the money for leasing community land areas.
Reminder: at the very beginning the land areas of the villagers were
purchased at ridiculous price - 30-50 AMD for one sq. meter, while
orchards were purchased for 200-300 AMD. Those who refused to sell
their land areas, were made sell them through courts in line with
the formulation of the governmental resolution "eminent public domain".
The letter describes in detail not only the violations of the domestic
legislation, but also the violation of those standards and norms
prescribed for the activities of the Danish fund.
Another statement was made by "Teghout Support" civic initiative, which
particularly says, "... We have huge amount of factual materials, based
on which we are going to issue a claim to court to stop illegal mining
activities in Teghout and to award damages. We are going to submit the
materials we collected to the criminal investigation bodies demanding
from them to initiate a criminal case...Not having any guaranteed
that in the presence of high-level corruption in Armenia we will be
able to reach justice in legal way, we also intend to apply to all
political forces, international organization and private individuals
so as to deprive Teghout project of international financial flows..."
Note by EcoLur: The financial chain of Teghout project includes:
"Teghout" CJSC, 100% shares of which are owned by offshore-based
"Teghout Investment Ltd" registered in Cyprus. 100% of voting shares
of the Cyprus company are owned by "ACP" CJSC, the owner of which is
Valery Mezhlumyan.
http://ecolur.org/en/news/mining/whether-trumpets-to-turn-into-court-proceedings-for-teghout/6910/