CONCORD, New Hampshire (NHPR.org, AsiaTimes.com) – The Anglo Asian Mining company, in which Republican politician John Sununu, father of current New Hampshire governor Chris Sununu, is the second largest shareholder, hopes to benefit from the ceasefire in Karabakh and resume mining gold in Zangelan province and possibly two other areas that were previously under Armenian control.
The company has been mining in Azerbaijan since 2009. John Sununu, a former governor of New Hampshire and former chief of staff to President George H. W. Bush, owns a 9.38 percent stake in the company.
According to news reports, Sununu’s son Chris disabled comments on his Instagram account recently after criticism concerning his father’s investment, but neither Sununu has publicly commented on this or the situation in Karabakh.
The Sununu stake in the mining company rose to over $16 million on November 10 after the news of the settlement led to a rise in the stock’s price. Meanwhile, the Azerbaijani government is entitled to 51 percent of all “profit production,” according to the Ango Asian Mining company’s website.
Among the sites the company previously had been mining for gold and copper is Getabek to the north of the Republic of Artsakh, Ordubad in the Nakhichevan region, and Gosha, northwest of Getabek.