Wednesday, May 15 2019 17:26
Marianna Mkrtchyan

US ambassador on situation around Amulsar: In such disputes, it is  important to quickly and effectively find a solution

US ambassador on situation around Amulsar: In such disputes, it is  important to quickly and effectively find a solution

ArmInfo.It is very important to work with the Government of Armenia to create a favorable, predictable and transparent environment for business and investment  in the country. On May 15 in Yerevan in a conversation with  journalists the US Ambassador to the RA Lynne Tracy stated about the  situation around the Amulsar gold mine.

"And this is necessary not only for American business, but also for  investors in general. And Lydian is one of these international  investors. It is also important that international investors act in  accordance with local law," she said, stating that research is now  being conducted and you need to wait for their results.

However, according to the American diplomat, in such disputes, it is  important to quickly and effectively find a solution to the issue.

Earlier, the company, Lydian International Limited, which operates  Amulsar gold mine in the close to the area of the famous Jermuk  balneological resort, has sought to prosecute the international  arbitration process with the construction of a blockbuster block, the  top of the coal mine and the offshore company activists.  Lydian has  the right to file an official declaration after the expiration of 3  months in international arbitration.

At the same time, the message says that the company is open for  discussion and the search for urgent solutions with the state.

"I hope that we will be able to resolve issues with this company  without arbitration," Armenian Deputy Prime Minister Tigran Avinyan  told reporters. "If the results of the environmental assessment at  the mine site correspond to Lydian data regarding the controllability  of environmental risks, there will be no need for legal proceedings  and the company will continue construction work. If the answer  indicates the presence of risks that the company has not previously  reported, then Lydian then it would not make sense to go to court, "-  said Deputy Prime Minister.

The Amulsar project is the largest industrial project in Armenia  today for the development of the Amulsar gold mine with a total value  of $ 370 million. The Amulsar deposit is the second largest reserves  in Armenia.

In August 2016, started the mineral assets construction and  development project.  Preparatory work has been going on since 2006.   The terms of the Amulsar gold mine project will be 10 years and 4  months, with an average of 200 thousand ounces of gold (about 10  million tons of ore) planned annually.  The company is listed on the  Toronto Stock Exchange.

To note, since June 2018 the roads leading to the Amulsar mine are  blocked by a group of people opposing the mine. The government of  Armenia believes that the field operation project requires additional  independent environmental impact assessment, which is now being  conducted by one of the most reputable global companies. However,  Lydian Armenia, due to the actual inaction of law enforcement  agencies, continues to incur losses, construction of the mine is  suspended.

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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

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