Your trusted source

President of the Artsakh Republic Bako Sahakyan held an enlarged consultation on the development of mining industry in 2012 and the activities planned for 2013.

Adviser to the NKR President, academician Grigory Gabrielyants, head of the Department of Environment and Natural Resources Vazgen Mikayelyan, heads and responsible representatives of the geological prospecting and mining industry enterprises delivered corresponding reports.

In his remarks, President Sahakyan noted that mining industry was the youngest and at the same time one of the strategic and perspective sectors which had promising opportunities to become the driving force of economy and among the important sources of employment, already providing considerable share of industrial output and state budget revenues.

According to him, the volume of capital investments in this sector has increased in recent years both through the channels of state budget and private sector. President Sahakyan rated as important the absence of monopolistic manifestations in this sector, which boosts sound competition and dynamic economic development.

The President emphasized that the development of mining industry must be accompanied by strict maintenance of nature and environment protection norms.

President Bako Sahakyan also touched upon the current problems and future plans in the sector, giving appropriate assignments to the heads of concerned structures.

National Assembly Speaker Ashot Ghulyan, Prime Minister Ara Harutyunyan, mining industry representatives, prominent specialists from Armenia and abroad, other officials attended the consultation, Central Information Department at Artsakh President’s Office reported.