Financial Flows of "Teghout" CJSC Submitted within EITI

Financial Flows of


"Teghout" CJSC has officially submitted its financial flows for 2016 and 2017, particularly the production of copper and molybdenum concentrates, who are the buyers, how much has been produced, how much taxes, fines, nature management, and environmental fees have been paid, the number of working places, financial support to impacted communities etc.

These data have submitted to the residents of Shnogh and Teghout communities, Lori Region, by Harutyun Movsisyan, a representative of the Civil Society Constituency of the EITI Multi-Stakeholder Group, and an expert of “Mining-impacted Communities – Full Participants in EITI Process” project at the discussions entitled “Be Aware and Demanding, Protect Your Interests and Rights in Armenian Processes of the EITI”  held on 1 and 2 March. The data are published in the first EITI National Report. You can learn more about these data on the informational documents compiled by Harutyun Movsisyan published on EcoLur's website. This document shows the opportunities that the communities have within the frames of RA Law “On Expedient Use of Environmental Fees paid by Company” and how to protect the rights of the communities in the EITI process.

This article is made possible by the generous support of the American People through the United States Agency for International Development (USAID). The contents of this article are the sole responsibility of the authors and do not necessarily reflect the views of USAID or the United States Government.

March 05, 2019 at 18:28