ArmInfo. Lydian Armenia, which is engaged in gold mining at the Amulsar deposit, reports on the liquidation of the consequences of the accident on the water supply system, which supplies the community of Gndevaz with drinking water.
According to the press service of the Company, the accident occurred on February 7 during ground construction works in Amulsar. The water supply of the community was restored after appropriate measurements of water quality. "Lydian Armenia expresses gratitude for the assistance rendered to the community residents," the company said in an official statement.
Lydian Armenia is a subsidiary of the British Lydian International, whose shareholders are also 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 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.
