GEOTEAM


Amulsar:
responsible mining,
sustainable development


Amulsar Project

 

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.

News

Lydian Announces Proposed Investment by EBRD

Lydian International Limited announced that its Board has approved the terms of a proposed non-brokered private placement of ordinary shares of the Company to the European Bank for Reconstruction and Development (EBRD). 

Under the terms of the proposed Private Placement, the EBRD will subscribe for an aggregate of 33,500,000 ordinary shares of the Company at a price of C$0.34 per share, for aggregate gross proceeds of C$11,390,000.

"We are pleased to have the ERBD's continuing support as we begin development of the Amulsar Gold Project. This investment provides further recognition of Lydian's commitment to good international industry practices and standards as we make the transition from developer to producer," said Howard Stevenson, President and CEO of Lydian International.

The EBRD has been an important strategic investor for Lydian since 2009. Including its initial investment, the EBRD has supported Lydian through four previous private placements.

Source: http://www.banks.am/en/news/newsfeed/12417/

 

Children from Communities Participate in Wiki Camp 

It’s been 2 years that Geoteam gives opportunity to children from neighboring communities to participate in Wiki Camp as part of its Social Projects.  11 children from Saravan, Gorayq, Gndevaz, Kechut and Jermuk have already spent 10 days at “Voske Getak” camp in Aghveran. Another 9 schoolchildren are going to participate in August. 

Wiki Camp is an educational camp with the purpose to develop Armenian Wikipedia with the participation of youth interested in information-sharing and writing.  The camp helps to develop writing and editing skills, to find new friends during the camping period.

The participants came back from the camp with lots of impressions and were very pleased. Some of them even got diplomas and medals.

Hripsime Manucharyan a school student from Saravan Community told that the camp schedule was very interesting: editing for Armenian Wikipedia, games, health and classes on environment, contests etc. Their group even won the first place in editing and got medals. Hripsime hopes that this program will be continuous.

More photos


Announcement

Lydian International and its subsidiary Geoteam CJSC invite all stakeholders to participate in discussions on Amulsar Project ESIA (Environmental and Social Impact Assessment).

The discussions will be held in Jermuk community on May 31, 12:00 PM at Hyatt Place hotel (address:  Shahumyan str., 7/5) and in Yerevan on June 2, 3:00 PM at Hyatt Place hotel (address: Vazgen Sargsyan str., 26/1).

 

Announcement

Lydian International Limited is pleased to announce it has disclosed an amended Environmental and Social Impact Assessment (“ESIA”) for its 100% owned Amulsar Gold Project. The amendments reflect project improvements realized from Lydian’ successful 2015 value engineering program (see Lydian’s news release, dated November 25, 2015).

An English version of the amended ESIA is available on Lydian's website at www.lydianinternational.co.uk.  Armenian and English versions can be found on the website of the Company’s Armenian subsidiary, Geoteam CJSC, at www.geoteam.am. Digital and hard copies are also available at the Amulsar Information Center located at the project site and in the Geoteam office in Yerevan. The amended ESIA replaces the previous ESIA for Amulsar that was first publically disclosed in May 2015. Geoteam will now commence a public consultation period and then disclose a final ESIA that incorporates input received.

A public consultation event will be held on May 31 in the community of Jermuk followed by consultation events for stakeholders in Yerevan on June 1 and 2. 

Howard Stevenson: “Amulsar is truly a premium project” 

Mediamax’s interview with Howard Stevenson, President and CEO of Lydian International  

Announcement

Lydian International Ltd. and its fully own subsidiary Geoteam CSJC have initiated an amendment to the Environmental and Social Impact Assessment (ESIA) process for the Amulsar project, in parallel with the Armenia Permitting Process. 

Geoteam would like to invite all interested parties to attend an information meeting on the ESIA process, in the community of Gnedevaz of Vayots Dzor Marz, on Thursday, December 17, 2015. When completed by end of Q1 2016 the full ESIA report will be available for public review and consultation with all stakeholders.

Geoteam hands over radio guides to Matenadaran

Matenadaran, the Scientific Research Institute of Ancient Manuscripts, will hence carry out group tours with high quality radio guides. A total of 7 transmitters and 120 receivers will allow to simultaneously receive large touristic groups, providing the most comfortable conditions for visitors.

Amulsar: Myths and Reality

Geoteam Senior Manager on Sustainability Speaks About Myths and Reality in Amulsar. Article was initially published on AMCHAM website.

A New Project in Jermuk

Plastic waste can cause serious environmental problems, as it does not decompose under natural conditions. Plastic garbage should be collected and isolated for the purpose of processing. Unfortunately, it is not a common practice in Armenia. However, in March 2015, with Geoteam CJSC’s support, a Project - “From Waste to Souvenir”- was launched in Jermuk, in secondary school named after Maxim Gorky.

Why Geoteam Invests into Social Projects before Seeing Profit


Interview
with Geoteam CEO Hayk Aloyan

Latest News

It’s been 2 years that Geoteam gives opportunity to children from neighboring communities to participate in Wiki Camp as part of its Social Projects.  11 children from Saravan, Gorayq, Gndevaz, Kechut and Jermuk have already spent 10 days at “Voske Getak” camp in Aghveran. Another 9 schoolchildren are going to participate in August. 

 

Wiki Camp is an educational camp with the purpose to develop Armenian Wikipedia with the participation of youth interested in information-sharing and writing.  The camp helps to develop writing and editing skills, to find new friends during the camping period.

 

The participants came back from the camp with lots of impressions and were very pleased. Some of them even got diplomas and medals.

 

Hripsime Manucharyan a school student from Saravan Community told that the camp schedule was very interesting: editing for Armenian Wikipedia, games, health and classes on environment, contests etc. Their group even won the first place in editing and got medals. Hripsime hopes that this program will be continuous.