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ARMENIA’S 2008 PRESIDENTIAL ELECTION


PFA PROSPECTUS


Science, Technology, and Environment

Jeremy Hance, mongabay.com
January 28, 2008

In Northern Armenia, a company has been given the go-ahead to establish a copper mine in Teghut Forest sparking off a struggle between industry and environmentalists. Teghut Forest spans approximately 29,000 square kilometers—the size of the English channel—and supports a large number of Armenia's native species, including the Syrian Brown Bear and the Short-toed Eagle. The mine will be operated by Armenian Copper Program (ACP). ACP is apart of the Valex group, located in Liechtenstein and co-owned by Russian citizen, Valeri Medzhloumyan. The project will be the largest mine in Armenia, and is estimated to make a hundred million annually for as long as the mining lasts (most likely, less than twenty-five years). Environmentalists believe that the mine will cause large and lasting damage to the region, while government and industry state that the mine's environmental impact will be small while giving the region an economic boost.
The first environmental impact from the copper mine will be deforestation. More...

Posted By: Moderator on Feb 13, 2008 11:24PM Add Comment | View Comments [2]
February 2008
Jeff Masarjian
Jeffrey Tufenkian


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