The Armenian president briefed on the state of gold and molybdenum mining industries

PanARMENIAN.Net - On Feb 27, the Armenian President Serzh Sargsyan met Geopromining Company management, the Armenian presidential press service reported. During the meeting, Chairman of the Board of Directors of Geopromining Siman Povarenkin briefed the President on the activities of the company in Armenia, the situation in gold and molybdenum mining industries and development prospects.



Serzh Sargsyan emphasized the importance of retaining job positions in the sphere of mining under the global financial crisis and expressed hope that Agarak copper-molybdenum complex will avoid staff reductions and increase of job positions in the gold mining. The parties touched upon Geopromining's investment plans in Armenia.