Jermuk More Valuable than Gold

Jermuk More Valuable than Gold

Samvel Avagyan, News.am

 The debates whether Amoulsar gold mine development will be an obstacle to the tourism business in Jermuk, so far doesn’t have any winners or losers.

The export value of Amoulsar gold mine at current prices is valued at about 1.2 billion USD, i.e. not more than 100 million USD per year.

It turns out if to compare tourism in Jermuk and Amoulsar gold mine development in Amoulsar, they are almost equal in economic viewpoint. Nevertheless, Jermuk is a more long-term (even eternal) program, while Amoulsar is short–term. The conclusion is evident – Jermuk is more valuable than gold.

February 16, 2012 at 11:53