  Armenian government signs Memorandum of Understanding with International Minerals & Mines Limited August 3, 2011 - 20:22 AMT PanARMENIAN.Net - Prime Minister of Armenia Tigran Sargsyan today met with the delegation of the International Minerals & Mines Limited organization headed by the company Director Stephen Fitchi. As the Governmental press service reports, during the meeting the parties discussed details of the impeding programs expected in the mining industry of Armenia. Sargsyan expressed hope that bilateral cooperation will stimulate implementation of investments in the country. The meeting resulted in signing of the Memorandum of Understanding between the Armenian government of the International Minerals & Mines Limited, by Armen Movsisyan, Armenian Minister of Energy and Natural Resources, on the Armenian side, and Stephen Fitchi, on the side of International Minerals & Mines Limited. IMM Energy Limited has subsidiaries like IMM Energy Georgia and IMM Energy Armenia operating in Tbilisi. The company plans to set headquarter of IMM Energy Armenia in Armenia. The organization aims to reveal respective investment capital, as well as study and development of slate reserves on the territory of Armenia.   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 |  Latest news Macron says France commemorates 109th anniv. of Armenian genocide  Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says.Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment.CSTO recognizes Armenia’s sovereign right to withdraw Tasmagambetov has said that if Armenia decides to leave the organization, “it will be the sovereign right of Armenia.”Ex-President: Only removal of “defeatist” rulers can save Armenia Former Armenian President Serzh Sargsyan has shared a message on the 109th anniversary of the Armenian Genocide. |
