The peace memorandum signed between Armenia and Azerbaijan is a unique and transformative event for the region, Konstantin Sokolov, Director of the TRIPP+ Development Fund, said in an interview with Bloomberg.
Sokolov noted that his US-based investment company, Dynamic Frontier, acquired Armenia's second-largest copper mine, the Teghut mine, in September.
"The main objectives of this deal were to strengthen the Armenia-US partnership and ensure access for US supply chains to Armenia's vital mineral resources," Sokolov said.
It should be noted that on September 23, Dynamic Frontier Holdings announced the completion of a deal to acquire 100% of the shares of Teghut CJSC, the operator of the Teghut copper-molybdenum mine, as well as the company's outstanding debts.
The company stated that it would continue operating the Teghut mine while investing in its modernization.
Teghut is located in Armenia's Lori Province and is one of the country's largest copper-molybdenum deposits. Dynamic Frontier Holdings is registered in the US state of Texas.
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