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. For Armenia, which does not have its own oil and gas fields, uninterrupted and safe operation of the nuclear power plant is crucial. The currently  operating power unit N2 of the Armenian NPP not only provides up to  40% of all electricity generated in the country to the energy system,  but also helps solve a number of economic and social problems.  

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.

ArmInfo.It was investors who offered the government to accept shares of companies as a gift, Prime  Minister of Armenia Nikol Pashinyan said on February 7 at government hour in parliament, commenting on the transfer of shares in a number of companies.

ArmInfo.Armenia is not engaged in racketeering, Minister of Finance Vahe Hovhannisyan told a press  conference as he commented on the transfer of shares of a number of companies to Armenia as a gift. 

ArmInfo. The most important sectors of the Armenian economy, which are of strategic importance  for the republic and capable of providing it with long-term and stable economic growth, are targeted by Baku.

ArmInfo. The transfer of shares by the Lydian Armenia company, which operates the Amulsar mine, as a gift to the government of Armenia was the company's decision. Head of the economic department, Vahan Kerobyan, announced in an interview with Public Television.  "Taking the government as a partner is advisable for the company in the context of creating a more comfortable working environment; moreover, thanks to this step,  many risks will be leveled," the minister said.

ArmInfo.On January 18, Armenia's Cabinet approved a decision on the RA government accepting  12.5% of the Lydian Armenia shares as a gift.  

ArmInfo. The Amulsar mine will be operational this year.  Armenian Minister of Economy Vahan  Kerobyan stated  during a press conference on Monday.

ArmInfo.The Eurasian Development Bank (EDB) treats the Amulsar project in Armenia very  carefully and cautiously. Denis Ilyin, Deputy Chairman of the EDB Board, stated this on December 14 in Almaty, summing up the results of the Bank's year of activity.

ArmInfo. The adoption of the  Strategy for the Development of the Mining Industry of Armenia is an  important step in the development of the mining industry, as it will  make it possible the industry to meet international standards.  Hovhannes Harutyunyan, Deputy Minister of Territorial Administration  and Infrastructures of the Republic of Armenia, stated  on June 27  during discussions organized by the Economic Journalists Club.

ArmInfo. The first ore from the  Amulsar gold mine will be mined at the end of 2024. Hayk Aloyan, the  Executive Director of the Lydian Armenia company that developes the  mine, said in a conversation with the ArmInfo correspondent.

ArmInfo.Armenia's Vice-Premier Mher Grigoryan held a meeting with Mr Jeffrey Couch, Lydian BOD  Member, Mr Hayk Aloyan, Executive Director of Lydian Armenia company, and Mr Justin Dibb, Chief Executive Officer, Allied Gold Corp. 

ArmInfo.The Eurasian Development Bank is ready to support the project to develop the Amulsar gold  mone. On May 15, in Almaty, on the sidelines of a conference of investors-members of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP), Chairman of the EDB Nikolai Podguzov said in an interview with journalists, answering a question from ArmInfo.

ArmInfo.

ArmInfo. The Armenian Environmental Front initiative of volunteers and Green Armenia NGO  issued a statement, which reads: