A new tax hike on copper concentrate, molybdenum concentrate and ferromolybdenum places a burden on a sector that is critical to Armenia’s balance of payments and was implemented with an unwelcome urgency reducing regulatory certainty for potential investors.
Serious issues in the country’s mining sector is something this new government inherited from the former regime. Artur Grigoryan argues, however, that enough steps have not been taken to eradicate or even curb corruption in the sector.
In his first piece for EVN Report. Alen Amirkhanian writes about the current state of the mining industry in Armenia. He argues that mining governance, from decision-making process on granting mining licenses, monitoring performance to ensuring compliance with laws and standards, is defective and in need of determined reform.
EVN Report’s mission is to empower Armenia, inspire the diaspora and inform the world through sound, credible and fact-based reporting and commentary. Our goal is to increase public trust in the media. EVN Report is the media arm of EVN News Foundation registered in the Republic of Armenia in 2017.
