Expert urges to diversify economy to cut dependence on world prices

Expert urges to diversify economy to cut dependence on world prices

PanARMENIAN.Net - An International Conference to Examine the Future of Mining in Armenia is ongoing in Yerevan.

At the event, the Director of the Centre for Social Responsibility in Mining at the University of Queensland, Australia advised searching for alternative sources of development without solely staking on mining industry.

“Prices may always vary,” Mr. Saleem Ali said, commenting on the influence that fluctuation of world prices has on mining products that Armenia greatly depends on.

“Fluctuating prices mustn’t stop Armenia from developing mining industry,” the expert said, instead urging for diversification of the country’s economy.

Partner news
 Top stories
Tigran Sargsyan noted that the new plant will be constructed after the current one is finally out of operation.
IFC invested $244 million in 40 projects across a range of sectors, including financial markets, manufacturing, and mining.
Armenian Prime Minister addressed a letter to Public Services Regulatory Commission over the reconsideration of gas prices.
Armenia’s Public Services Regulatory Commission plans to reconsider electricity generation and distribution prices.
Partner news