Friday, May 18 2018 14:37

Ilegal "bats" stop production of a large taxpayer

Ilegal "bats" stop production of a large taxpayer

ArmInfo. GeoProMining Gold, which develops the Sotq field in Armenia and owns the Ararat gold extraction factory, refutes reports of strikes by workers at the enterprise.

The reason for such conjectures, as the company told ArmInfo, was  another attempt by illegal gold miners from the Sotq deposit (the  so-called "Bats"), by pressure on the company's management and staff,  to gain access to the illegal mining of gold-bearing ore. In  particular, from May 17 to 18, the "bats" blocked the way to the  deposit and paralyzed the whole process, motivating their actions  with political prerequisites - they allegedly are participants of the  protest civil movement and are fighting for their "rights". Illegal  miners demanded the resignation of the management of the Sotq  deposit, which hamper their illegal activities in the field.

GeoProMining Gold once again reminds that unlawful actions of the  "bats" not only deprive citizens of their rights to work, but also  pripjatvuyut production disciplines, which can contribute to the  company's losses, fraught with a reduction in the taxes it pays to  the state budget of the Republic of Armenia and social  responsibility. The company declares with full responsibility that  illegal actions will lead to a complete halt to production, including  the Ararat gold recovery plant, and partial paralysis of the SCR's  work. 

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Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

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СПРОС (Покупка)

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Средневзв. Цена

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  USD

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USD

Цена откр.

482,00

Цена закр.

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482,00

Ср/взв. Цена

482,00

-0.16

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200 000

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