Geoteam presents a brief story on some of the social development projects implemented in Amulsar adjacent communities since exploration activities began in 2007. CSR for us is not just social projects. It's the combination of efforts invested in creating shared values with the communities, transparency, accountability and environmental responsibility.
Lydian International and its subsidiary in Armenia Geoteam CJSC have been long speaking about the possibility to change the perception of mining industry in Armenia by introducing modern technologies as well as modern environmental management to its Amulsar Gold project. We talked to an independent consultant for the Amulsar project, MSc in Environmental Diagnosis (Imperial College of London), Carl Nicholas about modern mining in the world as well as to the Senior Manager on Sustainability of Geoteam, Doctor of Engineering in Geo-Ecology, Armen Stepanyan about how the company is going to address the concerns of some stakeholders.
Mediamax’s interview with Howard Stevenson, President and CEO of Lydian International
LYDIAN RECEIVES COMPREHENSIVE MINING RIGHT APPROVAL FOR AMULSAR GOLD PROJECT
The Ministry of Energy and Natural Resources has granted to Geoteam CJSC, Lydian International’s 100% owned subsidiary, Mining Right for the Amulsar Gold Project. This represents the final stage of the mining permitting process and grants the Company the right to develop the Amulsar Project in line with the parameters detailed in the feasibility study.
Amulsar Project's Public Hearings in Gorayk (27/09/2014)
Geoteam worked with experts from the International Finance Corporation, part of the World Bank Group (IFC) and the European Bank for Reconstruction and Development (EBRD), who visited the Amulsar Gold Project area last week to perform their annual review of the project development.
Public Hearings on the Amulsar project Environmental Impact Assessment (EIA) presented by Geoteam CJSC will take place on September 27, 2014 11:00 AM in Vayots Dzor Marz Gorayk community. All interested parties are welcome to participate.
Public Hearings on the Amulsar project Environmental Impact Assessment (EIA) presented by Geoteam CJSC will take place on August 25, 2014 10:00 AM in Vayots Dzor Marz Gndevaz community. All interested parties are welcome to participate.
The Managing Director of Geoteam CJSC, Hayk Aloyan, answers the questions of Mediamax about the recent developments around Amulsar project.
In an interview to Mediamax Lydian's new President and CEO Howard Stevenson explains at what stage Amulsar project is, answers questions on concerns raised by some stakeholders, talks about economic impact and opportunities that modern mining provides.
The World Bank's country manager talks about the opportunities responsible mining can bring to Armenia in a blog post.
Armen Stepanyan: “All the environmental risks of exploitation of Amulsar are manageable”
Mediamax talked to Environmental and Social Manager of “Geoteam” Armen Stepanyan about the environmental risks and the impact of exploitation of Amulsar.
In an interview to 168.am US Ambassador to Armenia John Heffern has answered a question on Lydain International and Amulsar project.
52 million AMD has been allocated for renovation of the Art Center. The company has provided 45 million drams for renovating the kindergarten “Zatik”.
Interview of Geoteam CEO Hayk Aloyan to Mediamax.
On October 4, Deputy PM Armen Gevorgyan visited Jermuk and familiarized himself with some of the Social Development projects Geoteam undertakes in Jermuk.
Corporation’s Environmental and social specialist for mining investment Raymi Beltran told Banks.am about IFC’s environmental and social requirements as well as how the corporation oversees client companies.
The International Finance Corporation (the “IFC”, the private sector investment arm of the World Bank Group) and the European Bank for Reconstruction and Development (“EBRD”) delegations were in Armenia from June 3rd to 7th on a supervision visit to review the development of the Amulsar gold project.
On June 26 Ambassador of the UK Katherine Leach and Ambassador of the USA John Heffern visited the Amulsar gold project site and the two of the surrounding villages, namely Gorayk and Gndevaz.
Lydian International’s Main Shareholders
Lydian’s largest shareholder is the International Finance Corporation (IFC; part of the World Bank Group). The European Bank for Reconstruction and Development (EBRD) is also a major shareholder in the Company. Other major shareholders include a number of North American and European natural resource institutional investors. The largest among them - Franklin Templeton Investments, Mackenzie Investments, RBC, AGF.
Lydian International is listed on the Toronto Stock Exchange since January 2008. (TSX:LYD)