EBRD Ends Investment In Controversial Armenia Gold Mine

Emil Lazarian 2020
OOSKA News
Aug 13 2020
13 Aug 2020 – 06:37 by Local Press Report

YEREVAN
Open Democracy

European Bank for Reconstruction and Development (EBRD) investment in a controversial $400m gold mine in Armenia is to end, a new assessment by the bank’s complaint body states. The London-based development bank has funded exploration, drilling and feasibility studies and environmental and social mitigation measures by Lydian since 2009, and has been targeted with criticism by civil society groups over its support for the company.

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS