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The Dundee Precious Metals Kapan area is located in the south eastern corner of Armenia, 320 kilometers south of the capital city of Yerevan and forms part of the Tethyan tectonic belt. It is situated within the south eastern Syunik Region. "Dundee Precious Metals Kapan" CJSC is owned 100% by Dundee Precious Metals, a Canadian-based, international mining company engaged in the acquisition, exploration, development and mining and processing of precious metal properties.