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Damage from Production – 31 Million AMD, Financial Liability – zero

Damage from Production – 31 Million AMD, Financial Liability – zero
18:29 October 04, 2012

EcoLur

Agarak copper and molybdenum combine extends its production up to 3.5 million tons of ore per year.  The public hearings in this very project will be held at 12:00 p.m., on 5 October, in Agarak town Municipality. The Environmental Impact Assessment will be discussed.

The document consists of 230 pages of specialized text, with tables, formula of calculations etc.  We will cite several lines, '... as table 9.1.1 shows, the economic damage caused by the emissions of Agarak copper and molybdenum combine is assessed 14,972,000 AMD per year before the re-equipment and 17,500,000 AMD per year after the re-equipment... '

Due to the re-equipment, the economic damage caused to the drainage basin will decrease from 7,222,000 AMD per year up to 1,620,000 AMD... The total economic damage makes up 31,950,000 AMD per year.'

Nevertheless, all these figures are virtual, as factually our legislation doesn't suppose these amounts to be paid, as the Company EIA says: 'The presented amounts don't suppose any financial liability.'

Our question to Nature Protection Ministry: How you evaluate the fact that the company doesn't bear any financial liability even for the decreased risks presented in the project? How the locals can adequately take part in the public hearings, even if a specialist needs sufficient time and qualifications to sort out the whole project, at least in terms of risks. The risks mentioned in the EIA are as follows: open mine, a mill, an ore processing factory, tails, industrial wastes and tails, which pose direct threat to people's health and environment.



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