ANIF named manager of Armenia's 15% share in Zangezur CombineJanuary 5, 2022 - 12:45 AMT PanARMENIAN.Net - The government on Wednesday, January 5 transferred the rights of 15% of Zangezur Copper and Molybdenum Combine CJSC to the management of the Armenian National Interests Fund. Prime Minister Nikol Pashinyan said the state has a share in the Zangezur Combine and weighed in on criticism concerning possible corruption risks․ "This deal seemed dubious to many but the fact that the state has been deprived of its main strategic asset for many years was in fact not dubious," Pashinyan said, noting that the government will have a representative in ZCMC, Aysor.am reports. In early October 2021, GeoProMining Armenia, a subsidiary of the Cyprus-registered Russian company GeoProMining, was revealed to be the new shareholder of the Zangezur Copper and Molybdenum Combine in the province of Syunik. GeoProMining Armenia is the parent company of Industrial Company, which bought 60% of the ZCMC's shares on September 30, 2021 and donated 25% of it – 15% of the total capital – to the government. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |