Since 28 February, thousands of miners have been holding protests demanding that the state protect the rights of Georgian Manganese employees.
The company previously announced that it wouldn’t resume underground mining, citing ‘unprofitability’ as protests against the company continue.
Locals warn that the company’s choice to carry out open-pit mining poses a bigger environmental risk.
The Eurasian Development Bank previously rejected a loan of $100 million for the mine operation despite a signed memorandum.
The high rates of air pollution in the Armenian capital remains a hot topic on social media.
Eurasian Development Bank rejects loan for Amulsar mine operations0:00/3:451× Armenian Economic Minister Gevorg Papoyan stated that discussions are ongoing with commercial banks in Armenia after the Eurasian Development Bank (EDB) rejected a loan to operate the Amulsar gold mine. This has led to speculation that the EDB’s decision was influenced by the results of the environmental assessment it commissioned as part of its final loan decision. Papoyan refrained from commenting on the reasons be
Since being chosen to host the UN’s annual climate summit last year, the oil-rich country has provoked concern among observers and activists over potential conflicts of interest. As details emerge of Azerbaijan’s attempts to use COP29 to promote its oil and gas industries, some worry the legitimacy of the conference could be at risk. On the walk into the sprawling tent complex that hosts COP29, the UN flag whips in the wind next to another featuring the logo of SOCAR — the state-run oil com
