Our advantages 18 December 2014

Social policy

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    Our company follows to the human rights provisions of the UN Declaration of Human Rights. Company accepts and understands the proper performance of social issues as a priority and is committed to sustainable development. During his activities, company carries out social programs that aim to increase life quality of employees and the population of communities.

     Social policy of the company is run by 2 directions.

    Policy within the company-INTERNAL.

    Internal policy is limited within company;

by taking care of its employees, improving their social state. Internal policy for the development and advancement of the company, as a rule, is based on not only interconnections between employees but also relations between management and employees.  

     Geghi Gold Company has developed and is implementing corporative social programs:

1. Financial and material assistance to employees

2. Sport events

3. Corporative events

4. Safety trainings

5. Invitation of Armenian and foreign specialists, organization of trainings to enhance professional qualifications of the staff

6. Organizing business trips for the employees into other companies for experience exchange (including abroad as well)

7. Organization of cultural events

8. Training of innovative programs and undertaking steps for the development.

     Policy on social state improvement of the communities located in the license area-EXTERNAL.

     In external social policy prior role is given to our social and state obligation under law. Implementation of all taxes, duties and other obligatory payments.

     In addition, by a voluntary initiative, the company conducts social programs in the adjacent communities. They are as follows:

A. Social impact assessment and risks

B. Description of provisions of social state improvement of the population.

     The calculations of the indicators of the impact caused by Voskedzor mining complex operation and their comparison with the requirements of applicable regulations shows that there are no excessive use and violations of environmental regulations. Particularly main risks are related to air contamination, conversion of pastures (become unusable areas for land cultivation) and noise impact which based on the calculations are within permissible limits of environmental regulations. Based on these circumstances, the need for relocation or evacuation of the population may not occur.

    The project of Voskedzor mine operation is a business project which aims to provide profits.  At the same time involving many people from local and adjacent communities, will contribute the improvement of their living standards and will solve several social issues.

Description of the involvement in the social-economic development process of the community.

During operation of Voskedzor mining complex of “GEGHI GOLD”LLC, the initiative planned to participate in the development programs of the exposed communities.

The participation will be performed in different directions. Social development programs of the communities:

  • A discussion will be held and in case of mutual agreement, compensation issue resulted from the change of soil resources status. The communities will get a significant amount of compensation which can also solve social issues.
  • Company by its own efforts will carry out improvement and maintenance activities on the deposit and adjacent areas.
  • The residents of communities will work in Company structure whose income will gain at the expense of Company and will contribute the solution of social issues of employees and their families.
  • For meeting economic needs of mining complex personnel, various associate organizations will be created which activities will be closely connected with the complex and will also contribute to the social development of the exposed communities.
  • The complex will create special funds, which will intend to solve various social issues of company employees.

     Geghi Gold company pays a special attention to have a good relationship with the adjacent communities and for maintaining good relationships, constant visits, meetings are made with the head of rural municipality and the population.

     The aim of visits and meetings is to ensure mutual respect and cooperation for implementing social welfare programs for the communities and population of the region.

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Last modified on 02 September 2016
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