Hetq brings a good story about a Turkish company involved in gold prospecting work in the Sotk Mines, at Armenia’s strategic corner between Lake Sevan and Kelbajar:

Certain aspects of the work of the Ararat Gold Recovery Company (AGRC), owned by Sterlite Gold, are worrisome. The principal stockholder of the company, Indian-born London billionaire Anil Agarwal, is known for questionable dealings (See also: Anil Agarwal Takes the Shine Off Armenian Gold).

In 2005 a Turkish company, Spektra Jeotek, was commissioned by Sterlite Gold and explored the Sotk mine, located in the region bordering Azerbaijan, for quite a long period of time. Although the official website of Sterlite Gold contains information about the foreign partners that work with the company, there is no information about the work done by this Turkish company in Armenia on the site.

It was a Turkish company, then, that performed the exploration of this strategically important mine. Turkey has no diplomatic relations with Armenia. Moreover, Turkey consistently defends Azerbaijan’s interests and makes various demands on Armenia. It is hard to understand why a Turkish company was chosen to explore the mine. According to our information, the National Security Service (NSS) of Armenia was not informed about the Turkish company’s stay in Armenia either. The NSS learned about it just a day before the Spektra Jeotek representatives left the country.