ArmInfo.The policy of the Armenian government in the mining industry over the next five years will be aimed at ensuring transparency and accountability to the public. This is stated in the draft program of the executive body, published on the website of the Cabinet of Ministers.
According to the program, in the case of efficient and transparent management of natural resources, the country can receive serious economic dividends that will help ensure economic growth. Currently, as the authors of the document note, the development of a comprehensive mining policy will ensure sustainable development, which will ensure economic, social and environmental sustainability, as well as contribute to sector transparency, accountability and transparency.
To this end, the government plans to develop a strategy for the development of the mining industry and a plan of action, to introduce legislative and institutional mechanisms in accordance with the strategy for the development of the mining industry. This includes, inter- alia, the simplification of the procedures required for mining (licensing, permits, land use rules, etc.). It is also planned to balance the interests of society and mining companies. By introducing new mechanisms and the Mining Transparency Initiative, the real owners of companies as well as real buyers are disclosed. It is planned to create and maintain a register of real estate.The government will also take measures to create a long production chain for the extraction of raw materials in Armenia, while strictly observing high environmental standards.