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 - Amber Capital, Oppenheimer, Franklin Templeton Investments, Mackenzie Investments, RBC, AGF.
Lydian International is listed on the Toronto Stock Exchange since January 2008. (TSX:LYD)