Russian-Armenian billionaire brothers, Sergei and Nikolai Sarkisov, are investing in the Nagorno-Karabakh Republic, in a copper and gold exploration project.
The brothers are interested in the copper mining areas of Zardanashen and the gold mining areas in the uplands of Tutkhun River, a well-informed source told Armenian News-NEWS.am.
The mining area of Zardanashen is 3 square kilometers, and there are concentrations of copper, lead, cobalt, and nickel there. Traces of gold, titanium, and vanadium were discovered, too. And gold and silver concentrations were found in the mining areas of Tutkhun.
To note, the Sarkisov brothers are the proprietors of RESO-Garantiya, which is one of Russia’s largest insurance firms. In the Russian list of the 2013 issue of Forbes business magazine, they are ranked 78th and 79th, with a net worth of 1.35 billion.