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    Categories: 2018

Lydian Armenia is deprived of opportunity to conduct environmental management because of illegal blockade of roads leading to Amulsar deposit

Arminfo, Armenia
Lydian Armenia is deprived of opportunity to conduct environmental management because of illegal blockade of roads leading to Amulsar deposit

Yerevan July 20

Alina Hovhannisyan. Because of illegal blockade of roads leading to Amulsar deposit Lydian Armenia company is deprived of opportunity to conduct environmental management, the third letter sent to the authorized bodies by the company reads.

In particular, because of the current situation, starting from June 22 the company can not conduct environmental monitoring, as well as control sewage and air quality, moreover, there is no possiblity to trace the accumulation of dust layers. According to the press service of the company, in the previous two letters it was noted that Lydian Armenia can not bear responsibility for the current situation on the territory of the deposit, because of illegal blockade of roads. "The ecological condition of the field is beyond the control of the company, which is unacceptable, since heavy rains can lead to deviations in environmental indicators," the source noted. The company urged to take immediate measures to ensure the entry of employees into the territory of the Amulsar deposit in order to avoid negative environmental consequences.

To recall, Lydian Armenia is a subsidiary of the British Lydian International, whose shareholders are also large international institutional investors from the United States, Great Britain and a number of European countries, including IFC and EBRD. The Amulsar project is the largest industrial project in Armenia for the development of the Amulsar gold deposit at a total cost of $ 370 million. In August 2016, a project for the construction and development of the field was launched. Preliminary work has been carried out since 2006. The life of the Amulsar deposit will be 10 years and 4 months, an annual average of 200,000 ounces of gold (about 10 million tons of ore) is planned. The company's shares are quoted on the Toronto Stock Exchange. Amulsar deposit is the second largest in Armenia.


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