EcoLur
“Armenian-Russian Mining Organization” CJSC has increased its chartered capital According to Government 845 – Ա resolution dated on 14 August 2014.
The chartered capital of the company makes up 989.501.400 AMD as of 01.01.2014.
The aim of this resolution is to ensure further funding of the company (debt redemption) and for this purpose “Atomredmetzoloto” CJSC expressed its willingness to make an investment of around 95.295.600 AMD in its chartered capital, while the Armenian Party made investment in the form of geological information equivalent to the same sum.
“Armenian-Russian Mining Organization” CJSC was founded in 2008. This company owns the exclusive right to the exploration and mining of uranium reserves in Armenia. The Armenian Government represented by Energy and Natural Resources Ministry owns 50% of the company shares with management powers, Russian “Atomredmetzoloto” CJSC owns the other 50%. The Armenian Party invested geological information its owns for the shared, while “Atomredmetzoloto” CJSC made financial investments.
October 01, 2014 at 12:53