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Armenia: NGO fears Deno Gold (part of Dundee) mine will release toxic pollution, leave nearly 1000 workers jobless when reserves exhausted

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Company response
7 December 2010

Response by Dundee Precious Metals

Author: Dundee Precious Metals Inc.

As yet the exploration drilling program is incomplete. We have not yet been granted any approval to develop an open pit and nor has the process for obtaining such approval been initiated. When the approval process is initiated it will be in full compliance with Armenian law...and there will be full stakeholder engagement...Should an open pit mine eventually be developed it will meet the needs of all stakeholders and be “best practice” with respect to safety, health, and environmental performance...we will be aiming to develop the most economic and sustainable operation possible while recognizing the needs and aspirations of the mining reliant community we work in to maintain employment levels...

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30 November 2010

Will Unemployed Deno Gold Workers be Forced Down Uranium Mines? [Armenia]

Author: “EcoLur” Informational NGO

Local NGOs from Kapan expressed their serious anxiety with regard to the intentions of Deno Gold Mining Company [part of Dundee Precious Metals] to proceed to open-cast development of the Shahumyan gold-polymetallic mine…Artur Ghazaryan [of the NGO] “For Ensuring Ecological Safety and Developing Democracy”…[said] “Open cast development means explosions which will cover the town with dust containing the whole range of toxic elements…”…[T]he company will quickly get its profit and close down, while nearly 1000 employees currently employed at the company will become unemployed...

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