Among its worthy projects, the Tufenkian Foundation provides ongoing support to the Mining Legislation Reform Initiative (MLRI), a project of the American University of Armenia Center for Responsible Mining (AUA CRM).
One of MLRI’s central goals is to ensure that mining in Armenia provides sufficient economic benefit to the country and local communities, outweighing the costs and burdens imposed by mining activity. Thus, it is essential for the government to maximize the economic benefit of revenues from mining companies. In a first major step towards this goal, MLRI has hired international mining tax expert Matthew Genasci to conduct a thorough analysis of Armenia’s mining fiscal system. Mr. Genasci will provide legal and economic analysis of Armenia’s current mining fiscal structure, compare it to those utilized in other countries, regionally and internationally, and recommend legislative and policy changes to make Armenia’s mining fiscal system more robust, resilient and economically beneficial to the country.
Please read Mr. Genasci’s biography here for a more detailed account of his experience and expertise.