Economy  Minister  sees light at the end of  

ArmInfo. The development process at the Amulsar deposit is currently in an active stage. This was reported to journalists by the Minister of Economy of Armenia Gevorg Papoyan during a briefing on February 6.  He noted that he  cannot provide specific details about  the private sector negotiation  process, but, based on his impressions, it seems likely that  that  the loan will be secured and implemented.

Recall that Papoyan previously stated that $250 million is needed to  launch the Amulsar project, of which Lydian Armenia, the company  operating the mine, has secured $100 million, and intends to obtain  the remaining $150 million from local banks.

In a conversation with journalists, he noted that all obstacles to  the mine's exploitation are being eliminated one by one. In this  regard, he stated that mining is planned for October, which,  according to him, will also positively impact economic indicators.