DUNDEE PRECIOUS METALS Meeting with People in Yerevan


On 24 January at the suggestion of Dundee Precious Metals Inc. (owner of 100% shares of DenoGold Mining Company) a meeting was held with public representatives in Yerevan who oppose to open-cast development of Shahumyan gold-polymetallic mine. This meeting was participated by Dundee Precious Metals Inc. Executive VP and Chief Operating Officer - Richard Howes, Ruben Mills - Director on Health, Security and Environmental Issues, Norayr Aghayan - Spokesman for International and Public Relatiosn at  Deno Gold Mining Company, Inga Zarafyan  - President of "EcoLur" Informational NGO, Artur Ghazaryan - Legal Consultant at Kapan-based "For Ensuring Ecological Safety and Developing Democracy" NGO. 

Dundee Precious Metals Inc. Was submitted the following main problems in regard with open-cast development of Shahumyan Mine: 

- risk of multiple increase in pollution with metals and toxic elements in the territory of Kapan, whereas this town is already on the verge of an environmental disaster, 

- top-level corruption in mining industry doesn't promote to decrease in environmental risks or introduction of internationally acceptable practices, or increase in company's responsibility for damage caused to health and environment,

- as a matter of fact, public opinion or NGOs opinion about the policy run by the company is not taken into account. 

In their turn, company representatives said: 

- they enhance corporate management in Armenia, 

- they intend to run an open dialogue policy with public, 

- they will introduce international standards into practice regardless of the country they work in.

Company representatives also assured in case the company confirms its intention to develop Shahumyan Mine in an open-cast manner, this issue will be open for public discussions evaluating both public opinion and governmental bodies' opinions. 

In the course of this meeting EcoLur and For Ensuring Ecological Safety and Developing Democracy NGOs representatives once again stressed out they don't change their viewpoint in regard with open-cast development and think the open dialogue policy with public must be run based on certain examples.