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GEOPROMINING CO-FINANCED GAS PIPELINE CONSTRUCTION IN ARMENIA'S SOTK
YEREVAN, November 14. /ARKA/. GeoProMining, a diversified international
mining group (GPM), said Wednesday it was co-financing the construction
of a gas pipeline in the village of Sotk in Gegharkunik region
of Armenia.
"In 2012, as a part of the corporate social responsibility program
Resources for Good, GPM invested 30 million drams (75,000 USD) in
this project," the company said.
In early 2012, following the negotiations with the local authorities
of Sotk, the gas pipeline project was chosen as a priority. Supoorting
development of socio-economic infrastructure in the regions is one
of the main directions of the Resources for Good program.
The Zod mine is the only major industrial entity in the area, where the
village is located. Some 30 employees of the mine live in the village,
and the company regularly provides assistance to Sotk residents.
"Gas supply will not only improve the life of Sotk, but also will
help to solve the environmental problem - to reduce the use of wood
for heating homes and public facilities," according to the source.
Resources for Good program aims to ensure the sustainable development
of the regions, where the company operates.
"Selecting projects, we take into account the needs of local
communities, so, along with educational projects, GeoProMining
is paying serious attention to the development of socio-economic
infrastructure", said GPM President Roman Khudoliy.
GeoProMining was founded in 2001. In Armenia it owns two assets -
the Agarak Copper-Molybdenum Combine and GPMGold, developing the Sotk
gold mine and running Ararat gold recovery factory. In the past two
years it has invested more than $260 million in its Armenian assets.-0-
YEREVAN, November 14. /ARKA/. GeoProMining, a diversified international
mining group (GPM), said Wednesday it was co-financing the construction
of a gas pipeline in the village of Sotk in Gegharkunik region
of Armenia.
"In 2012, as a part of the corporate social responsibility program
Resources for Good, GPM invested 30 million drams (75,000 USD) in
this project," the company said.
In early 2012, following the negotiations with the local authorities
of Sotk, the gas pipeline project was chosen as a priority. Supoorting
development of socio-economic infrastructure in the regions is one
of the main directions of the Resources for Good program.
The Zod mine is the only major industrial entity in the area, where the
village is located. Some 30 employees of the mine live in the village,
and the company regularly provides assistance to Sotk residents.
"Gas supply will not only improve the life of Sotk, but also will
help to solve the environmental problem - to reduce the use of wood
for heating homes and public facilities," according to the source.
Resources for Good program aims to ensure the sustainable development
of the regions, where the company operates.
"Selecting projects, we take into account the needs of local
communities, so, along with educational projects, GeoProMining
is paying serious attention to the development of socio-economic
infrastructure", said GPM President Roman Khudoliy.
GeoProMining was founded in 2001. In Armenia it owns two assets -
the Agarak Copper-Molybdenum Combine and GPMGold, developing the Sotk
gold mine and running Ararat gold recovery factory. In the past two
years it has invested more than $260 million in its Armenian assets.-0-