Wednesday, January 24 2018 19:08
Alina Hovhannisyan

Amulsar program was awarded a certificate of compliance with ICMC standards in pre-production cycle

Amulsar program was awarded a certificate of compliance with ICMC standards in pre-production cycle

ArmInfo. The program of exploitation of Amulsar gold deposit of Lydian Armenia company was awarded a certificate of compliance with the standards of the International Cyanide Management Code (ICMC) in the pre-production cycle. The International Institute of Management of Cyanide officially notified the company.

According to the press service of Lydian Armenia, in 2016, after amendments to the ICMC, which provide for more stringent audit recommendations, the Amulsar program is the first mining project in Armenia and the fifth in the world that received a certificate of conformity at the pre-production stage.

The official report of the International Institute for Management of Cyanide, published on January 18 this year, states that according to the results of an independent audit submitted to the Institute in November 2017 by a third party - professional auditors, the activities of Lydian Armenia are consistent with the principles and practices of ICMC.

According to the source, the Amulsar deposit program received a conditional certificate and should undergo another audit, after the first cyanide supply within a year, in order to assess the conformity of the program already in the production phase. In particular, the audit of the deposit will be held once in three years.

Lydian Armenia is a subsidiary of the British Lydian International, whose shareholders are also large international institutional investors from the United States, Great Britain and a number of European countries, including IFC and EBRD. The Amulsar project is the largest industrial project in Armenia for the development of the Amulsar gold deposit at a total cost of $ 370 million. In August 2016, a project for the construction and development of the field was launched. Preliminary work has been carried out since 2006.  The life of the Amulsar deposit will be 10 years and 4 months, an annual average of 200,000 ounces of gold is planned (about 10 million tons of ore). The company's shares are quoted on the Toronto Stock Exchange.  Amulsar deposit is the second largest in Armenia.

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Government Bonds

 

ISIN AMGB1029A250
Auction ID AMGB1029A250A
Date 12.05.2017
Issue date 29.10.2015
Issue volume (AMD) 50 000 000 000
Maturity date 29.10.2025
Coupon year yield 11.00%
Auction volume (AMD) 1000 000 000 - 2.000 000 000
Auction date 12.05.2017
DLS
Total amount (AMD) 1 000 000 000
Amount of the total bids (AMD) 787 200 000
Amount of the total accepted bids (AMD) 787 200 000
Cut of yield (%) 10,6447
Weighted avrage yield (%) 10,6447
Auction max  yield (%) 10,6447
Auction min  yield (%) 10,6447
Number of participants 5
ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000

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