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Deno Gold Mining sues environmentalist for slander.

Yerevan. Deno Gold Mining (a subsidiary of Dundee Precious Metals Inc.) has filed a lawsuit against environmentalist Yeghia

Nersesian for slander. Nersesian claims that the company applied electric shock to employees. May 13 hearings at the General Court of

Arabkir and Kanaker-Zeytun Communities have been postponed till June 10.

Pan-Armenian Environmental Front reports that in December of 2012, during a meeting with the Armenian community in the

USA, Nersesian announced that a representative of Deno Gold Mining Company applied electric shock to miners. However, the

company calls it slander and seeks a refutation of the accusation in the court. The source reports that Deno Gold Mining seeks to raise a

$40 million loan from the EBRD and cares for its reputation.

During a recently organized press conference, the company's newly appointed director Hrach Jabroyan publicly announced that

the company had never used electric shock against its employees. He said Nersesian had never been at the company, though he was

repeatedly invited and asked to submit proofs of his statement. Jabroyan said that it was the idea of former General Manager Robert

Faletta to purchase shockers to protect the plant from penetration of drunken workers. However, no shockers were purchased and the

former manager was dismissed, said Jabroyan, who took the office on July 8 2012.

Deno Gold Mining is exploiting the Shahumyan poly-metallic gold mine (zinc, silver, and gold in copper concentrate) in

Syunik region, Armenia. Dundee Precious Metals owned the company in Aug 2006. The company needs the above loan to expand and

transfer to opencast development of the mine.

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Publication:ArmInfo - Business Bulletin
Date:May 14, 2013
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