A parcel of land located some 1.5 kilometers north-east of the town of Hrazdan in Kotayk Marz containing deposit reserves of 70,266 tons (19,304 cubic meters) was licensed to Nagin, Ltd. for a period of 25 years. Let us remind readers that Nagin Ltd. is registered under the names of Vardan Ayvazyan’s wife and son.
When media outlets published articles concerning a drunken Minister of the Environment Vardan Ayvazyan shooting at seagulls with a pistol from the Sevan coast, he immediately and repeatedly denied the news.
“The volumes of foreign investments in the fields of mineral resource industry and metallurgy in Armenia in 2006 amounted to $110 million, which is comparable to the last year's showing,” stated a press release by Arminfo on April 6, 2007.
As we have reported, Minister of Nature Protection Vardan Ayvazyan has registered the majority of his mines in the names of his relatives, friends and employees.
We have reported recently that the Minister of Nature Protection has given several deposits with total mineral resource content of about 3 billion tons to members of his own family and is now trying to sell them off.
Every minister in Armenia considers the agency entrusted to him or her to be his or her personal business project.