12:49 | December 25, 2012
By now it is clear that the rise of big mining in Armenia has been not a project of the national interest but a privilege of the chosen few, who have amassed fantastic fortunes while our country descends into poverty and despair.
11:04 | August 1, 2012
In a conversation with Hetq, Artsakh Department of Tourism Director Sergei Shahvedyan argues that mines now operating or planning to be launched in Artsakh will not impeded the growth of tourism in the country.
10:36 | July 24, 2012
Real estate prices in the tiny Vayots Dzor village of Saravan are on the rise. A house that went for $1,500-$2,000 just a few years ago now goes for $10,000. So what’s behind the sudden “gold rush” in Saravan? That’s right; it’s the yellow metal itself.
10:26 | June 19, 2012
This is why the village is split on whether the Bardzradir (Mazra) gold mine should be allowed to operate. Some want the prospect of new jobs while others want to keep the clean air and water of the countryside
18:48 | February 3, 2012
Prime Minister Tigran Sargsyan visited today 365 Group and Murad Sar enterprises in Yerevan. Accompanied by Minister of Economy Tigran Davtyan and Minister of Agriculture Sergo Karapetyan, the head of government toured the entities getting acquainted with production processes and development programs.
13:13 | November 26, 2011
Over the past few years, MG has carried out exploratory work over 500 hectares of agriculturally zoned land in the area, uncovering rich deposits of gold, copper and molybdenum.
16:34 | October 13, 2011
In 2010, Armenia produced 41,000 metric tons of copper and 5,400 metric tons of molybdenum. According to market analysis by Bloomberg, however, the 2011 worldwide deficit of copper stands at 635,000 tons— the largest since 2004—with its price exceeding 10,000 US dollars and demand continuing to grow at a rate of 4.2%. According to analysis by Morgan Stanley, the price of copper is to reach 11,000 US dollars per ton during 2011 while Barkley Capital projects 13,000 US dollars per ton by year’s end.
12:20 | June 21, 2011
The only catch is that the area is now being targeted for extensive mining operations. The question now being debated in Armenia is whether the two sectors can effectively coexist?
14:30 | June 20, 2011
What lessons can Armenia learn from new technologies being implemented in these post-Soviet countries to deal with toxic mining wastes? A delegation from Armenia went to find out.
16:55 | June 1, 2011
A Hetq source within the government says that Mr. Papazyan,Executive Director of the Competitiveness Foundation,is being forced out, a victim of mining interests at the Tatev Monastery.
17:35 | July 23, 2010
A well-informed Hetq source inside the Yerevan Brandy Company, whose main brand is Ararat, reports that during the past few years large amounts of distilled spirits have mysteriously disappeared from the plant’s vaults. The source claims that 300-400 tons has gone missing just within the past year alone.
Interviews The Giant of Armenia’s Mining Industry
Articles False Information That Was Paid For
13:14 | August 20, 2007
“...Upon publishing the article (They're Getting Rid of the Indians and Bringing In the Russians) further investigation revealed that the Madneuli Stock Company purchased all the shares of the Golden Ore, LLC in December 2006. This transaction was duly noted on April 23, 2007 in the Federal Registry's Regional Branch and was correspondingly recorded in the participants' Reeystr (a government-related department also attached to the Ministry of Justice where changes in stock ownership are duly recorded).
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