responsible mining,
sustainable development

Amulsar Project


Geoteam CJSC is an Armenian mineral exploration company, 100% owned subsidiary of Lydian International Limited. Geoteam's flagship project is the Amulsar gold deposit which is a new gold discovery located along a high ridge top between the Vayots Dzor and Syunik provinces.                     


Attracting investments for Amulsar was challenging

168 Zham talked to Lydian CFO Roderick Corrie about investment challenges in mining.

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.

US Ambassador John Heffern on Amulsar

In an interview to US Ambassador to Armenia John Heffern has answered a question on Lydain International and Amulsar project.

Social Projects Opening in Jermuk

52 million AMD has been allocated for renovation of the Art Center. The company has provided 45 million drams for renovating the kindergarten “Zatik”.

Mayor of Gndevaz: “The villagers will prefer that the Company takes the land”

168Hours on the recent development on Amulsar project

Hayk Aloyan: Lydian attracted reputable institutional investors to Armenia

Interview of Geoteam CEO Hayk Aloyan to Mediamax.

Deputy PM familiarized himself with some of the Social Development Projects

On October 4, Deputy PM Armen Gevorgyan visited Jermuk and familiarized himself with some of the Social Development projects Geoteam undertakes in Jermuk.

IFC: Geoteam can become an example for other mining companies in Armenia

Corporation’s Environmental and social specialist for mining investment Raymi Beltran told about IFC’s environmental and social requirements as well as how the corporation oversees client companies.

IFC, EBRD visit Amulsar

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.

UK, US Ambassadors Visit Amulsar

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 - Amber Capital, Oppenheimer, Franklin Templeton Investments, Mackenzie Investments, RBC, AGF.

Lydian International is listed on the Toronto Stock Exchange since January 2008. (TSX:LYD)