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Eurasian Development Bank rejects loan for Amulsar mine operations
Armenia

Eurasian Development Bank rejects loan for Amulsar mine operations

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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

Flags at the entrance to COP29’s Green Zone showing sponsorships by the renewable arm of Azerbaijan’s state-run oil company and a conglomerate owned by the family of the country’s first lady and vice president. Photo: Victor Swezey.
Azerbaijan

Fossil fuel deals raise alarms at Azerbaijan’s COP29 summit

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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

Ministers from Azerbaijan and Georgia gather with European Union counterparts on the sidelines of the COP29 summit in Baku to discuss a green energy corridor across the Black Sea. Victor Swezey/OC Media.
Azerbaijan

Azerbaijan and Georgia discuss establishing a green energy pipeline to Europe at COP29

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Energy officials from Azerbaijan and Georgia have held talks with their Hungarian and Romanian counterparts regarding a green energy pipeline connecting the South Caucasus and the EU. However, the project faces delays due to a lack of certainty over funding. Meeting on the sidelines of the COP29 summit in Baku, ministers from the four countries discussed their intention to lay hundreds of kilometres of fibre optic cable under the Black Sea for a project they say will promote both green transit

The Zestaponi Ferroalloy Plant in May 2014. Photo: Mariam Nikuradze/OC Media.
Chiatura Manganese Mines

Georgian Manganese to stop work at Chiatura mines and ferroalloy plant

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The Zestaponi Ferroalloy Plant and all manganese mines in Chiatura, both owned by the mining company Georgian Manganese, have temporarily stopped work until 1 March 2025. On Thursday, Georgian Manganese published a statement saying that until 1 March, a temporary management regime would operate at the Zestaponi Ferroalloy Plant. The plant is Georgia’s largest silicomanganese processing plant. Georgian Manganese is the largest mining and ferroalloy manufacturing company in Georgia, where

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