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'Gold Rush' In Armenia

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  • 'Gold Rush' In Armenia

    'GOLD RUSH' IN ARMENIA

    Story from Lragir.am News:
    http://www.lragir.am/engsrc/country22518.html
    Published: 15:27:39 - 07/07/2011

    Inga Zarafyan, the chairwoman of Ecolur NGO, dwelled on the
    exploitation of the iron mine in Hrazdan Town by Fortune Oil, noting
    that preparations have started, whereas it poses danger not only to
    Hrazdan Town but also to Yerevan.

    Dwelling on mining industries in Hrazdan, Inga Zarafyan said a gold
    production unit with a tailings pond is being built in Hrazdan.

    Although flotation process will be used, Inga Zarafyan says in Armenia
    there is no "clean production" of gold because gold is produced from
    ore which is a mixture with heavy and toxic metals. The mine is about
    5 km from Hrazdan Town. It will pollute the water of not only Hrazdan
    but also Yerevan.

    Inga Zarafyan says mining industries in Armenia cause concern.

    Besides, she presented the information of the ministry of energy and
    natural resources on mining industries. Hence, in Armenia there are
    706 stone quarries which are intensively produced, 30 base metal mines
    of which 22 are produced, 7 copper and molybdenum mines, 4 copper,
    14 gold and 2 multi-metal mines, 2 iron and 1 aluminum mines.

    9 gold and base metal mines are produced. Zarafyan also said 171
    licensed companies carry out geological works, of which 38 are licensed
    for gold. Inga Zarafyan says we are living in a period of "gold rush".

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