GPM continues help to Armenian students majoring at Russian and loca

GPM continues help to Armenian students majoring at Russian and local
universities

YEREVAN, February 14. / ARKA /. GeoProMining, a diversified Russian
group of mining companies, started to prepare another six 11-grade
school students in Ararat, Vardenis and Agarak towns, for school
graduation and university entrance examinations. The school students
were selected by it to get higher education at Armenian and Russian
universities.

The first five participants of this project, selected last year, are
already majoring at St. Petersburg State Mining Institute after
Plekhanov and the Yerevan State University. The young people are from
the towns where the company is present. They were selected from tens
of applicants. The company has committed to employ them after they get
their diplomas. The selected young people will be provided with
accommodation, airfare, medical insurance, and a monthly stipend from
the GPM.

This project was launched by GeoProMining with the support of the
Russian embassy in Armenia in 2012. The students will be trained in
the field of mining. The project is part of a corporate program called
“Resources for Good”, which aims to ensure sustainable development of
enterprises in the regions of GeoProMining’s presence

“I still can not believe that I am a student of one of the best
technical universities in Russia. We have got a unique opportunity –
we have the best professors, a rich collection of research materials,
new laboratories. For me to be a participant of this program is a big
responsibility, and I will do my best to justify the trust and become
an excellent professional,’ Garegin Ghazarian, a participant of the
program, majoring at St. Petersburg Mining University, says.

GPM president, Roman Khudoliy said skilled personnel are a key
component of the company’s success.

“As a long-term investor in Armenia, GeoProMining is very serious
about selecting its staff that have to be professional and dedicated
to the company. We are very enthusiastic concerning this program
because we are sure that this initiative will help us to have
professionals,’ he said.

He stressed that the program will help reduce the outflow of the
workforce and open up new employment prospects for young people.

GeoProMining was founded in 2001. In Armenia it owns two assets – the
Agarak Copper-Molybdenum Combine and GPMGold, developing the Sotk gold
mine and running Ararat gold recovery factory. -0-