Monday, January 12, 2026

Armenian Catholicos Removes Masis Diocese Head Amid tensions, As PM-Backed Reform Faces Coercion Allegations

In a move following repeated calls for a return to canonical order, Catholicos Karekin...

Russian TV Host Solovyov Calls For A ‘Special Military Operation’ In Armenia, Sparks Outrage Among Officials

Russian state television host Vladimir Solovyov called for a potential Russian military intervention in...

Armenia Struggles to Contact Iranian Armenians as Anti-Government Protests Escalate

Armenian authorities say they are facing difficulties in establishing contact with Armenians living in...

Armenia’s Sotk Residents Block Highway After Mine Blasts Create Toxic Cloud.

HomelandArmenia's Sotk Residents Block Highway After Mine Blasts Create Toxic Cloud.

Residents of the Gegharkunik village of Sotk temporarily blockaded the Vardenis-Artsakh roadway this morning to protest the blasting carried out by GeoProMining at the Sotk gold mine and what they describe as the resulting toxic cloud of dust.

Sotk residents told Hetq that they often see a brown cloud rising from the mine area, which spreads over the village.

https://www.facebook.com/sevak.khachatryan.948/videos/2403184529985197/?t=0

They opened the road after company management promised to meet with them and hear their demands.

During the blasts at the open mine, explosives with a mixture of ammonia and saltpeter are absorbed into the groundwater, which the company pumps into a tributary of the Metz Masrik river that later flows into Lake Sevan.

Sotk has been incorporated into Geghamasar community. Hetq attempted to contact Hakob Avetyan, the Geghamasar mayor, but his telephone numbers aren’t available.

GeoProMining Gold LLC, which operates Sotk, the largest gold mine in Armenia, is in the hands of Russian owners. The real shareholder is Russian citizen Siman Povarenkin.

He has a 50.3% stake in the company, which he acquired in September 2010. Siman Povarenkin was a business partner of former Russian Energy Minister Sergei Generalov, and the press describe him as close to the Russian government. He is also known as the owner of the “Chocolate” cafe chain.

The second largest shareholder is another Russian tycoon, Roman Trotsenko. He has a 48.2% stake in the company, which he acquired in March 2019.

Since 2012, Trotsenko has been an adviser to Igor Sechin, CEO of the Russian state-controlled energy company Rosneft.

He then headed Rosneft Overseas, a subsidiary of Rosneft, which managed the company’s foreign assets. Before coming to Rosneft, he headed the Russian state-owned United Shipbuilding Corporation.

H/T Hetq

- A WORD FROM OUR SPONSORS - spot_img

CATCH UP ON THE LATEST NEWS

Search other topics:

Most Popular Articles