ArmInfo. The American Chamber of Commerces in Armenia (AmCham) welcomed the Government’s announced commitment to promote responsible practices and international standards in the mining sector in Armenia.

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.

ArmInfo.  On August 2, Prime  Minister of Armenia Nikol Pashinyan received a delegation led by the  regional governor of the International Finance Corporation (IFC), a  member of the World Bank, Jan Van Bilsen.

ArmInfo.  The last message of  the company Lydian Armenia requires an objective and consistent  investigation. Vice Premier of Armenia Tigran Avinyan made a  statement on the popular Lydian Armenia video. This was reported by  the press service of the government.

ArmInfo.Ameriabank CJSC, was granted the award by the International Finance Corporation (IFC)  for Best Issuing Bank Partner in the Caucasus and Central Asia in 2017, the press service of the bank has told ArmInfo.

ArmInfo. ""Initially, I would not want a mine like Amulsar to be developed near the resort town of Jermuk," Armenian Prime Minister Nikol Pashinyan stated in the city  of Jermuk at a meeting with representatives of the Lydian company and  environmentalists protesting the development of the Amulsar mine.

ArmInfo. The Russian group of companies Tashir, which owns JSC Electric Networks of Armenia, plans to invest in the construction and modernization of Armenia's distribution networks.

ArmInfo. Considering the need to raise investors' confidence and increase economic efficieny since the beginig of 2018 Electric Networks of Armenia CJSC has taken steps  to develop the system of corporate management of the Company. Regulatory and corporate management standards of both Republic of Armenia and Great Britain made the basis for improvement, the press service of the company informs.

ArmInfo.Ministry of Energy Infrastructures and Natural Resources of Armenia refused to discuss the issue on suspending the program of Amulsar gold deposit  development. A letter addressed to environmental and non-governmental  organizations of the country published on ecolur.org notes that the  right of using deposits can be suspended if the Natural Resources  Code is violated.

ArmInfo. The head of the Central Bank of Armenia Artur Javadyan left for St. Petersburg at the 25th International Financial Congress (IFC) on the theme "Financial system:  sustainability for growth." As the press service of the Central Bank of Armenia told ArmInfo, the congress started on June 6 and will end on June 8. Representatives of central banks and business will discuss the prospects for the development of the financial market, as well as the role of the state in this area.

ArmInfo. The companies statement reads: Lydian  Armenia shares the belief expressed by Armenia's Government in a  recent statement that all mining companies, need to comply with  environmental regulations ensuring the protection of the environment  and the well-being of our citizens. To this effect, we welcome the  initiative to undertake environmental compliance audits of the mining  industry to ensure that compliance is uniformly achieved and enforced  throughout the mining sector. Over the last days, several mining  companies in the country have been targeted, including Lydian's  Amulsar Project, with protests manifested by road blockages  disrupting operations. The protests at Amulsar led to peaceful  counter-protests by Lydian employees and company supporters from the  communities demanding from the protesters to restore their right to  work. The protesters have been alleging deficiencies in environmental  compliance and inconsistent hiring practices. Lydian has an  established grievance procedure and encourages all stakeholders, to  formally communicate specific concerns and grievances to the company  and thereby achieve resolutions that are mutually acceptable.  Presently, all access roads to Amulsar's project are open, workers  have returned to site, and construction activities are returning to  normal.  

ArmInfo. Formed by Lydian, an  independent advisory group that monitors the Amulsar development  project, presented its first annual report. The head of the group,  Dr.  John Harker, announced during a press conference on May 22.

ArmInfo. "Lydian Armenia"  company reports that an important achievement has been registered in  the sphere of health and labor protection. For 2 million man-hours in  the implementation of the program of development of the Amulsar  deposit, not a single incident was recorded.  The press service of  the company reports.

ArmInfo. In 2018 the company Contour Global Hydro Cascade invests 1.680bln AMD (without VAT) in modernization of the Vorotan cascade of HPPs belonging to it.  The decision was taken at a meeting of the Public Services Regulatory Commission (PSRC) of the Republic of Armenia, which approved the company's investment program for 2018 on May 8.

ArmInfo. Joao Carrello will  succeed as president and CEO of Lydian International, Howard  Stevenson. This is stated in the company's official announcement.

ArmInfo. The International Finance Corporation will implement a new program in Armenia to reform the investment environment. This was reported during the March 23 meeting of the Minister of Economic Development and Investments Suren Karayan with the head of the regional structure of the World Bank in Europe and Central Asia for finance, competition and innovation Damien Shiels.

ArmInfo. While we are highlighting a few of our female team members, many more are behind the scenes. Mining continues to be largely men dominated industry not only in Armenia but worldwide.

ArmInfo. Headed by the Deputy Minister of Energy Infrastructures and Natural Resources of the Republic of Armenia Vardan Gevorgyan, the Armenian delegation participates in the 86th exhibition and conference of the Association of Miners and Explorers Canada (PDAC) in Toronto.

ArmInfo. The share of foreign capital in the total authorized capital of Armenian banks decreased from 2014 to 2017 from 74.6% to 61.8%. During this period, four participants emerged from the banking market, of which three were "daughters" of foreign banks. This is the German ProCredit Bank, Kazakhstan's BTA and Russian Gazprombank.

ArmInfo. "INECOBANK" CJSC became a  member of the securities settlement system of the Central Depository  of Armenia (CDA). As reported to ArmInfo in the press service of  NasdaqOMX Armenia, this took place on February 28. Thus, the Bank has  been assigned the status of a depository system account operator.