[lbo-talk] Armenia's controversial gold rush

uvj at vsnl.com uvj at vsnl.com
Mon Jan 28 17:36:25 PST 2008


BBC News http://news.bbc.co.uk/

Last Updated: Wednesday, 9 January 2008

Armenia's controversial gold rush http://news.bbc.co.uk/2/hi/business/7153794.stm

By Kieran Cooke Ararat, Armenia

As the international price of gold touches record highs, the rush is on to find and exploit deposits around the world. Old mines are being revived: new ones are opening up.

In the town of Ararat - about an hour's drive south of Yerevan, Armenia's capital - investors from Russia have moved in to take control of what is believed to be one of the biggest gold-mining operations in the country. http://news.bbc.co.uk/2/hi/business/7153794.stm



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