ArmInfo. "The inspection body completed its study on the Amulsar deposit and will publish its results soon," Armenian Deputy Prime Minister Tigran Avinyan said in a live broadcast by Azatutyun.TV.
According to him in parallel to this a working group has been established, in which international experts are involved. In this light Avinyan noted that the group will start studying the field either at the end of this week, or at the beginning of the next week. To note, the group of activists has blocked the roads leading to the field for 2 months already, calling for its closure. The company calls on the government to take measures to unlock the roads, since 80% of the investments in the operation of the mine and the factory have already been made. The enterprise has passed all the necessary environmental expertise and, according to the estimates of international experts, meets the most modern requirements of environmental safety.
To recall, 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, 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.
