Thursday, September 7 2017 14:57
Naira Badalian

The Armenian government postponed the payment of VAT for "Lidian Armenia" for three years, the amount of investments in Amulsar project amounted to $ 124 million

The Armenian government postponed the payment of VAT for "Lidian Armenia" for three years, the amount of investments in Amulsar project amounted to $ 124 million

ArmInfo. Investments of the managing company of Amulsar gold deposit of "Lidian Armenia" CJSC during 2017 already amounted to $ 124 million. Armenian government September 7 "Lidian Armenia" deferred the term of payment of value added tax from imported equipment for three years.

Minister of Economic Development and Investments of the Republic of Armenia Suren Karayan, presenting the draft decision, recalled that earlier - on April 20 this year. the Armenian Cabinet of Ministers for three years delayed the payment of value added tax on goods imported by CJSC Lidian Armenia from April 14, 2017 to December 31, 2018. According to Suren Karayan, given that the investment program of CJSC Lidian Armenia "is implemented in stages, there was a need to make certain adjustments to the earlier decision. "During the third stage, it is planned to import another batch of equipment, the cost of which instead of the early 22.4 billion drams will make 27.6 billion drams," he explained.

Recall that Lydian Armenia is a subsidiary of 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 today to develop the Amulsar gold deposit with a total value 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 field will be 10 years and 4 months, an annual average of 200,000 ounces of gold (about 10 million tons of ore) will be produced. 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

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

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