ArmInfo. The government of Armenia released Lydian Armenia CJSC, which operates the Amulsar deposit, from paying customs duties on imports of another batch of equipment and raw materials.
The corresponding draft decision was approved at a meeting of the Cabinet of Ministers on June 23.
Minister of Economic Development and Investments Suren Karayan stated that "Lidian Armenia" (formerly Geotim CJSC) has already invested about 44 billion AMD (about $ 90 million red), while about 180 billion AMD will be invested in the process of the project, the cost of imported equipment will make about 2.5bln AMD.
To recall, Lydian Armenia is a subsidiary of the British Lydian International, whose shareholders are large international institutional investors from the United States, Great Britain, a number of European countries, including IFC and EBRD. The Amulsar project is the largest industrial project in Armenia today to develop the Amulsar gold deposit with a total value of $ 370 million.
