Vallex group companies welcome the announcement of the Government RA in readiness to join the Extractive BranchesTransparency Initiative (EBTI).
Vallex group information policy is based on the realization that one of the indispensable features of business in the modern world is the transparent work and the provision of public control over their own activities.
We are confident that in accordance with established standards EBTI publication of information on subsoil use will promote:
- to strengthen both public trust towards the ring of public policy-makers, and public confidence in extracting companies.
- to increase the constructive dialogue with interested public, in particular, with economic entities with civil society institutions.
- the expansion of public control over all the processes involving subsoil use, hence, more balanced and fertile for the most favorable and equitable distribution of subsoil risks.
Vallex group companies are ready to assist in every possible way in harmonization of information on mining in Armenia with the requirements of EBTI standards and confirm the commitment of the largest Armenian subsoil user of the group, “Teghout” CJSC, the willingness to assume the status of a supportive organization for EBTI.