Armenian government signs Memorandum of Understanding with International Minerals & Mines LimitedAugust 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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |