GeoProMining supports development of social infrastructure

Posted on Nov 26, 2013 in Company news, News and Press releases

GeoProMining supports development of social infrastructure

26 November 2013, Yerevan


GeoProMining, a diversified international mining group (GPM or the Company), is pleased to announce that it supported а large-scale reconstruction of the Cultural and Leisure Centre in the town of Vardenis located in the Gegarkunik region of Armenia. The project was implemented as part on GeoProMining’s corporate social responsibility programme Resources for Good. Improving social infrastructure in the regions of presence is one of the priorities for corporate programme Resources for Good.

GeoProMining, the Armenian Fund of Social Investments and the Gerakunik region have realized this project jointly. It finally fulfilled the needs of the Vardenis local community that has been asking for the cultural centre for years. Vardenis is a town located closely to the Zod field, which is developed by GPM Gold, part of GeoProMining. About 80% of the Zod mine staff are Vardenis residents.

The cultural centre is designed and constructed to host events of different scale and formats. The new centre can be used for mass events and numerous classes and interest clubs. Opening this autumn the centre has become home for the local children and teenagers: regular chess and art classes as well as theatre and musical groups are gathering here.

“GeoProMining pays much attention to the development of culture, education and social infrastructure in the regions of its presence as part of its Resources for Good programme. We are very much pleased with the fact that the new cultural centre has given an impulse to development of education and teaching classes for the youngsters and is improving the lives of the local community – many of them are our employees and their beloved. We are happy to contribute to the sustainable development of the regions where our companies are located,” said GeoProMining CEO Roman Khudoliy.

In September 2009 GeoProMining, the Armenian Fund of Social Investments and Gerakunik Region signed an agreement to cooperate on to social development of the region.

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.