For the past three months, the inhabitants of the Armenian spa town of Jermuk have been rallying against the local Amulsar gold mine. The company operating the mine claims their operations are environmentally sound and has threatened to sue the Armenian government if they have to suspend work. All eyes are now on Armenia’s revolutionary government, which has promised ‘power to the people’. [Read more…]
A Daghestani businessman was detained in Ghana on Monday accused of orchestrating the kidnap and torture of two other Daghestani businessmen. Man allegedly called Vagif Musayev, who goes under the name, Vladimir ‘Wolf’ Nabiyev, allegedly organised the kidnappings after a dispute over a gold mining business.
Mining is one of the most important sectors of the Armenian economy; it has the largest share of exports constituting more than half the total value. On 9 March 2017, Armenia became a candidate country for the Extractive Industries Transparency Initiative (EITI). Candidacy means the country must undertake a series of reforms within a set timeframe to comply with standards of transparency and accountability.
On 19 August, Russia’s Federal Security Service (FSB) raided the Fabrika Market in Nazran, Ingushetia’s largest city. The authorities seized a large amount of gold jewellery from stalls. The owners and vendors claim that the FSB’s actions were illegal.
GeoProMining is an international precious metals mining company. It was founded by Russian businessman Siman Povarenkin, with a local partner in Georgia, Koba Nakopia. The company has damaged environments in Georgia, Armenia, and Russia while mining gold and other precious metals.
Thanks to close contacts in local governments, the gold mining enterprise and its subsidiaries have never been seriously penalised. Local governments either don’t investigate major environmental pollution incidents or they don’t publish the investigation results.