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.



Lydian International CEO Howard Stevenson's interview to Yerkir Media TV in Armenia


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. 

Hayk Aloyan: “Amulsar project is truly a unique investment project in Armenia”

The Managing Director of Geoteam CJSC, Hayk Aloyan, answers the questions of Mediamax about the recent developments around Amulsar project. 

Lydian CEO Interview

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.

Jean Michel Happi the World Bank's country manager for Armenia on responsible mining

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.

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 - Franklin Templeton Investments, Mackenzie Investments, RBC, AGF.

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