Lydian Company to continue security culture development in Armenia

ArmInfo. "Lydian Armenia"  company reports that an important achievement has been registered in  the sphere of health and labor protection. For 2 million man-hours in  the implementation of the program of development of the Amulsar  deposit, not a single incident was recorded.  The press service of  the company reports.

It is noteworthy that this indicator was fixed in the most difficult  period (in the winter) when carrying out construction work. This is  an international standard that assesses the activities of companies  in the field of health and safety of workers. The achieved indicator  means that the employees of the company have worked 2 million hours  without such incidents, as a result of which the employee could be  out of work or unable to return to his duties. Industrial or  construction companies, as a rule, consider it a great achievement to  work without incident for 1 million man-hours. And in the  construction of Amulsar, the figure of 2 million man-hours is  significant even for experienced international companies.

The development program for the Amulsar deposit is in the process of  implementation, about 80% of all works are completed. Work was  carried out on several million cubic meters of land, concrete works -  9 thousand cubic meters, one road with a length of 20 km was built. A  significant amount of work has been done in the areas of water  resources management and nature protection. The fact of the absence  of incidents is also remarkable by the fact that the work is carried  out in difficult mountainous areas and in unfavorable weather  conditions. It shows the company's readiness to strictly follow the  rules of health and safety.

"For us, one of the main problems is the introduction of Lydian  company among contractor organizations to provide a culture of health  and safety," said Armen Stepanyan, the company's vice president for  sustainable development. He added that in a number of cases of work  have even been suspended, for example, in case of unsafe construction  works or due to lack of appropriate protective equipment for workers.  The introduction of a clear culture ensures worker safety, reduces  risks and encourages employees to work safely. "Work without incident  for 2 million man-hours once again shows that Lydian Armenia is ready  to provide safe practice in accordance with international standards  and will continue to develop a culture of security in Armenia," Armen  Stepanyan said.

Lydian Armenia is a subsidiary of the British Lydian International,  whose shareholders are large international institutional investors  from the United States, Britain, several 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 was launched  that involves the construction and development of the field.  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.  Within the framework of the Amulsar program, 1,300 jobs will be  created in the construction process (construction works will last  about 2 years) and 650-700 jobs throughout the entire operation of  the field. The shareholders of the company are also international  institutional investors IFC and EBRD. The company's shares are quoted  on the Toronto Stock Exchange.  Amulsar deposit is the second largest  in Armenia.