Global Gold Corp. (GBGD)

[BMAV1]

OSCE Confirms that the TOUKHMANUK Tailings Dam Application Rejected by Ministry of Nature Protection of Armenia

The official newsletter of the OSCE office in Yerevan, Armenia, reports that the Ministry of Nature Protection has rejected Mego-Gold's application to build its 3rd tailings dam as part of the expansion of the Toukhmanuk Gold Mine. (Mego-Gold is a subsidiary of Global Gold Corporation otcqb: GBGD).

A copy of the newsletter can be accessed at: https://app.box.com/s/fxqcyvx6xozq64jthlpx

The Article, under the heading Economic / Environmental Security reads:

The Ministry of Nature Protection rejected the Toukhmanuk tailing project submitted by Mego Gold Company for the construction of a new (3rd) tailing dump near the village of Melik (Aragatsotn province).

The local community had raised concerns over possibilities that pre-existing negative health and environmental impacts, which had begun in 2006 when the company developed the gold mine, would be exacerbated. At the request of the community, the Aparan Aarhus Centre, together with other civil society organizations, organized numerous awareness-raising activities and public discussions, which involved all stakeholders. Articles highlighting environmental concerns and expert analyses were published by the Centre and submitted to the government.

At the public hearings organized by the Ministry of Nature Protection mining's impact on health and the environment, as well as seismic risks, were discussed.
The Environmental Impact Assessment undertaken by the Ministry proved that the request to construct the tailing dump construction should be refused.

The Aparan Aarhus Centre is continuing to contribute to Melik's community security through the provision of expert data and legal assistance in order to further improve the environmental and health security of the local population.


Mr. Van Krikorian, the President, CEO, Director and Corporate Counsel for Global Gold Corporation has failed to disclose this material information in their financial reports. There was no mention of the rejection of the tailings dam even in GBGD's recent 10-Q for the period ending June 30, 2013.

The rejection occurred on April 26, 2013. See my blog of June 13, 2013
http://gbgd-armenia-mining.blogspot.com/2013/06/global-golds-application-for-new.html