Pashinyan speaks about problems with Teghut mine

Teghut mine will be exploited after its tailing dump is renovated, ARMENPRESS reports acting Prime Minister of Armenia, Board member of “Civil Contract” party that is part of “My step” block Nikol Pashinyan said in Alaverdi city during electoral campaign.

“This issue has been in my focus since the first day I was elected Prime Minister. When Teghut mine was exploited, it happened as a result of the 380 million USD credit received from Russian VTB bank. This February it turned out that there are problems with the tailing dump and a renovation is necessary for continuing the exploitation. Conditioned by this, they tried to take another loan, but failed to pay the previous loan. They also couldn’t take a new loan for the renovation of the tailing dump, sine both Teghut and the copper smelter were hypothecated for the previous loan. As a result, the Government invited VTB and Vallex and told them to negotiate and find a solution. As a result, Teghut passed under the control of the bank. We set an obligation before the bank to attract a new ope...