ArmInfo. Director of Lydian Armenia Sustainable Development Armen Stepanian and founder of the British consulting company for environmental protection TWC Joe Trevick at the Washington International Biodiversity Symposium held in the second week of November presented the Lydian Armenia programs being implemented. This is stated in the company's official announcement.
According to the source, at the final meeting of the symposium, A. Stepanyan made a presentation, presenting the company's experience in managing biodiversity in the Amulsar deposit. In particular, Lydian initiatives aimed at mitigating the impact that the company implements, guided by the best international experience. And as a result of cooperation between the public and private sectors, the company's experience in improving standards in the mining sector.
In particular, many biodiversity specialists noted that Lydian's approach to developing integrated mitigation measures and in the protection of rare species could be the best example in the mining industry. In this vein, they noted the program of research and conservation of the Alpine plant Potentilla porphyrantha, which the company implements jointly with the Institute of Botany of the RA of ANAS and the Botanical Garden of the Cambridge Institute. Lydian remains true to the responsibility assumed in the issue of conducting biodiversity management activities aimed at sustainable development with the involvement of the best Armenian and international specialists, "the company said in a statement.
It should be noted that Joe Trevik, who is one of Lydian's main advisors in biodiversity conservation issues, and the main consultant for the implementation of the Jermuk National Park program, was co-chairman of the International Symposium on behalf of the International Association for Impact Assessment (IAIA), the International Union for Environmental Protection and Natural Resources (IUCN), the Inter-American Development Bank (IDB).
Let us recall that 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 (about 10 million tons of ore) is planned. The company's shares are quoted on the Toronto Stock Exchange. Amulsar deposit is the second largest in Armenia.