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 | Armenian, Saudi Foreign Minister meet in Riyadh The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi Arabia Pashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”. Pasadena to host Armenian Genocide commemoration event The Pasadena Armenian Coalition will host its community-wide Armenian Genocide Commemorative Event. Armenia: Opposition activist transferred to Investigative Committee Activist Samvel Vardanyan has been accused of insulting the lawmaker Hakob Aslanyan from the ruling Civil Contract party. |