Wednesday, 24 January

U.S. Embassy Brings U.S. & Armenian Companies Together to Make Mining Sustainable



The following is a press release issued by the U.S. Embassy in Armenia

On November 16, the U.S. Embassy in Yerevan, in partnership with the Ministry of Economic Development and Investments, the Ministry of Energy and Natural Resources, and HSBC Bank, organized a one-day sustainable mining business conference.

The goal was to connect Armenian mine operators with well-known U.S. companies that offer products and services that ensure greater mine productivity, employee safety, and nature protection.  Representatives from seven leading U.S. companies and 35 Armenian mining companies attended the event.

The conference was designed to strengthen the growing commercial ties between the United States and Armenia by introducing leading American businesses to Armenian mining sector operators, and by giving the American companies the opportunity to showcase the latest technological advances in the field. 

“Mining, done responsibly and transparently in line with the highest international environmental and social standards, can be a successful investment and be of benefit to the Armenian people,” said Ambassador Richard M. Mills, Jr. in his opening remarks. “Sustainable mining, using the latest technology and equipment, can be safe for mining workers and can protect Armenia’s environment.”  

The day-long event helped the U.S. companies gain a greater understanding of the objectives and priorities of Armenia’s government leaders and businesses, as well as the perspectives of multilateral financing institutions and other key business actors. 

“Today we’re focusing on the mining sector, because as you know, it is one of the leading sectors in the Armenian economy and a major contributor to the GDP and the country’s exports. Mining represents real opportunities for Armenia,” said Ambassador Mills. “And these opportunities are not just ideas on paper; there are successful mining enterprises that are already in operation and looking to expand. We want to see them grow, and at the same time preserve the country’s natural beauty, invest in the communities where they operate, and protect their workforce.” 

Seven U.S. corporations – Modular Mining Systems, General Electric, Caterpillar/Zeppelin, IBM, Honeywell, Terra Source Global and Dow – sent representatives to Yerevan to present their products and services and to learn about business opportunities in Armenia. The one-day program also featured presentations by EBRD Armenia, HSBC Bank, Lydian International, and Armenian government officials. 


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Comments (2)
1. Levon16:46 - 16 November, 2016
It is indisputable that different aspects of the mountaintop mining industry, especially the production and processing of useful metal mining, cause irrevocable damage to nature and human health, thus differing essentially from other types of human economic activity. However, the companies engaged in these activities have been insisting for a long time that so called “sustainable” mining operations cause almost no damage to the environment. Now that such a statement is hard to substantiate they have begun using the term “responsible” mining and the main idea of this is to disguise the real hazards and neutralize public criticism under the veil of economic growth, corporate profit and social programs. And all this is even more dangerous for countries like Armenia that have a small territory, population living under extremely difficult social conditions and corrupt government.
2. Sofia19:56 - 16 November, 2016
Dear anyone who calls mining a sustainable activity. Maybe it can be sustainable on a land such as US or Canada, big and wide enough to have mining without affecting the locals, but opening 30 mining sites and more on such a small area like Armenia and call it sustainable, you must be unaware of geography. Besides, my advise to you... no fucking mining is ever sustainable. So stop preaching this idiotism... Nature already shows its discontent to you, sad you are too blind to see it...
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