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    Categories: 2021

60% of Armenia’s Zangezur Copper and Molybdenum Combine to pass under Russia-registered company control

News.am, Armenia
Dec 28 2021

About 60 percent of the Zangezur Copper and Molybdenum Combine will pass under the control of an industrial company registered in Russia. Chairman of the Competition Protection Commission (CPC) of Armenia, Gegham Gevorgyan, told this to a press conference Tuesday, summing up the results of the passing year.

“This year this was the biggest [business] deal in the sector of extraction of useful minerals,” Gevorgyan added.

He noted that another such huge business deal was made in Armenia in telecommunications.

“The Rostelecom shares were acquired by Electric Networks of Armenia company, as well as by individuals,” the CPC chairman informed.

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS