A discussion was hosted by Media Center on March 28, entitled “The Challenges and Problems of Responsive and Transparent Management of Mining Industry”.
The speakers of the discussion were Khachik Hakobyan, RA Deputy Minister of Nature Protection, Armen Stepanyan, Sr Manager Sustainability at “Lydian Armenia” Company, Arthur Grigoryan, Head of “Eco Right” NGO.
Mining is one of the fast growing sectors of Armenia's economy. At the same time, there are many obstacles related to the regulation and transparency issues. In 2017, the Extractive Industries Transparency Initiative (EITI) approved Armenia’s EITI candidature application and Armenia attained the EITI candidacy status. EITI is a global Standard to promote the open and accountable management of natural resources which, according to the speakers, will significantly foster the regulation of the mining industry.