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Article

13 Apr 2012

Author:
CRONIMET Mining AG

[PDF] The statement of the CRONIMET Mining AG regarding the issue of the Kajaran village and adjacent territories

…CRONIMET Mining AG, being the main shareholder of the Zangezour Copper Molybdenum Combine CJSC…would like to state its vision on this issue related to the situation developed as a result of the Government of Armenia Decision, in accordance to which specified communities of the Syunik marz have been declared eminent public domain…ZCMC…is practically the town-forming enterprise ensuring higher than average in the country living standards for its employees and their families…[W]e pay special attention to the environmental component of the CZMC operations…[T]he hazardous molybdenum roasting production has been shut down, measures to replace the obsolete tailing pipelines and recultivate the old tailings have been undertaken, as well as the assessment of the stability and the necessary refinement of the existing hydro technical infrastructure have been done…In line with the requirements of the existing Armenian legislation…we are aiming to achieve the full compliance to the strictest international requirements…[W]e managed to avoid cut offs and pay wages without a single day delay under the drastic decrease of metal prices at the global markets…The operations of the Combine are in no way force the migration of the population out of the region, just in contrary, have a strategic importance for strengthening the bordering region…

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