GeoProMining raises young specialists in Armenia

Posted on Aug 27, 2012 in Company news, News and Press releases

GeoProMining raises young specialists in Armenia

27 August 2012, Yerevan


GeoProMining Gold, a subsidiary of a diversified international group of mining companies, GeoProMining (GPM or the Company), has signed agreements with Armenian students to support their education in the leading Russian and Armenian universities as part of educational programmes of the Russian Embassy in Armenia.

The students are selected from the regions where the Company operates in Armenia. This scholarship programme is aimed at training personnel for the future employment by the Company. After graduation GPM will employ students for a minimum of three years. The future professionals have also assumed a similar obligation on their side.

The students will study at the St. Petersburg Plekhanov State Mining Institute and the Yerevan State University. The first five students begin their studies this September. GPM’s scholarship includes travel expenses, accommodation, medical insurance and monthly allowance of USD300-500 which will depend on the student’s progress.

“People and personnel are the major values for us. This programme will help the Company achieve several objectives. Firstly, GPM supports talented students by granting them an opportunity to obtain professional higher education. Secondly, employment of young specialists in Armenia reduces their migration. And finally, the Company gets qualified personnel locally, rather than from abroad. For the first time in Armenia, GPM, a representative of the private sector, participates in such a programme. We highly appreciate the support of our partners especially the Russian Embassy in Armenia”, said Vladimir Kozlov, the General Director of GPM Gold, one of the Group’s enterprises in Armenia.

In 2013 the Agarak Copper-Molybdenum Combine, another GPM’s subsidiary in Armenia, will join this scholarship programme to educate young people from the remote Megri region of Armenia, where the enterprise operates.

Press contacts:

Ruzanna Grigoryan

Tel: +374 (94) 19 07 13



About GPM:

GeoProMining, founded in 2001, is an international, privately held company with a diversified base of gold and other metals assets. GeoProMining engages in mining activities in Armenia and the Russian Federation.