ArmInfo.Zangezur Copper and Molybdenum Combine (ZCMC) will present an international report on  biodiversity management (TNFD) at the 17th Conference of the Parties to the UN Convention on Biological Diversity (COP-17). Armen Stepanyan, ZCMC Director for Sustainable Development (CSO - Chief  Sustainability Officer), said this in response to a question from an ArmInfo correspondent on the sidelines of the Conference on Sustainable Development, held in Yerevan on May 15.

ArmInfo.

ArmInfo. The Armenian government is changing the scopes of creditors for the program to resume operations at the Amoulsar gold mine.  The decision was made by the Cabinet of Ministers on April 30.  As stated in the explanatory note to the document, the adoption of the project is conditioned by the necessity to ensure the issuance of a budget guarantee in order to  ensure the normal course of activities of <Lidian Armenia> CJSC.

ArmInfo.As reported by the press service of the Embassy, this program involves  investments of millions USD into the country's economy, could amount to millions of dollars, that  will create new jobs and prosperity  for the Unite  States and Armenia.  "Armenia is open for U.S. businesses, and the U.S. Embassy is proud to support as we work toward a more prosperous future," the statement reads.

ArmInfo. The government will provide Lydian Armenia with budget guarantees of up to $150 million.  The decision was made on February 27 at a regular meeting of the Cabinet of Ministers.

ArmInfo. In addition to the main bank, which has expressed a desire to finance the exploitation  of the Amulsar gold mine, several other banks have also shown interest in providing additional financing for the launch of the project. Daniel Azatyan, the Chairman of the Union of Banks of Armenia (UBA), told journalists  during a press conference on February 25.

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.

ArmInfo. The permits for the use of mineral resources issued to Lydian Armenia are administrative acts that are not subject to appeal and cannot be invalidated administratively or by a court decision. This was reported by the  company's press service, citing the decision of the Administrative  Court.

ArmInfo. The launch of the Amulsar project is expected to boost economic growth, as stated by Economy Minister Gevorg Papoyan during the final press conference on January 13.  In particular, he noted that the mine's full operational cycle would result in an annual GDP growth increase of 1%. The  economy will receive $120 million in taxes alone every year, numerous  jobs will be created, and communities bordering the deposit will  receive subsidies, etc. he said.  Additionally, the Minister of Economy  noted that GDP growth is expected to be around 5.5% by the end of  2025.  

ArmInfo. 12.5% of the shares of Lydian Armenia CJSC have been transferred to the RA  Government. This was reported by the press service of the RA Ministry  of Economy.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo. Armenia has withdrawn its application for financing the construction of the  Amulsar gold mine project. Nikolay Podguzov, Chairman of the Board of  the Eurasian Development Bank (EDB), announced this at the final  press conference on December 5 in response to a question about the  current stage of the Bank's participation in the project. 

ArmInfo. $250 million is needed to launch the Amulsar mine, as stated by Armenian Economy  Minister Gevorg Papoyan at the budget hearings in the National Assembly committees.  

ArmInfo.

ArmInfo.The conclusion of the agreement on the donation of 12.5% of shares out of 100% of the shares of the Lydian Armenia company is postponed until December 30 of this year. The decision on this was made at a meeting of the RA government on October 24.

ArmInfo.

ArmInfo. Development of the Amulsar gold mine in Armenia may begin in the spring of 2025 if all  remaining issues are agreed upon. Senior Managing Director of the Eurasian Development Bank Denis Ilyin stated this on the sidelines of the EDB Annual Meeting and Business Forum in a conversation with  ArmInfo and Sputnik-Armenia correspondents on June 27, noting the corresponding question.

ArmInfo. It is expected that the development of the Amulsar mine will begin at the end of this year or the beginning of next year.  Babken Tunyan, vice-chairman of the NA Economic Affairs Committee, said on April 3 during the discussion of the project to establish a state duty for the export of gold, platinum and palladium ingots.