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EBRD-financed gold mining in Kapan, Armenia
By: CEE Bankwatch Network
Posted: Jan 25 10
Witnessed: 1092 times
Regions: Armenia
Issues: Environment, Food & health & development, Sustainable development
Tags: banks, Development, extractive industries, IFIs, international financial institutions, mining, participation, toxic waste
In 2005 the EBRD provided four and half million euros to the Dundee Precious Metals company for environmental improvements at its Deno Gold Mine in Kapan, Armenia.
Inhabitants of nearby villages complain about toxic dust and health problems.
For more information: http://www.bankwatch.org/publications/papers.shtml?x=2213425
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