ArmInfo. Armenia's Ministry of Nature Protection and Lydian Armenia company have signed a Memorandum of Cooperation related to establishment of "Jermuk National Park" on December 12 in Yerevan. The memorandum is signed for 5 years and envisages investments amounting to $5.7 mln aimed at maintaining integrity of local ecosystems, developing eco- tourism and environmental agriculture.

ArmInfo. The Amulsar gold deposit development project has a complete insurance conforming to al the international criteria, Hayk Aloyan, the Executive Director of Lydian Armenia ( former Geoteam) stated during the  ceremony of signing the Memorandum on mutual understanding in respect to establishing the National park of Djermuk on December 12.

ArmInfo. Within the program of  Amulsar deposit development a system of environmental insurance will  be introduced, Minister of Nature Protection Artsvik Minasyan told  journalists on December 1 after the government meeting. 

ArmInfo. Armenia's joining EITI (Extractive Industries Transparency Initiative) will become an additional indicator for the country, particularly in the context of attracting investments, Armen Stepanyan, Senior Manager on Sustainable Development at Lydian Armenia CJSC and member of multi-beneficiary group on introduction of EITI standard in Armenia told ArmInfo's correspondent on the sidelines of the first official session of the EITI working group in Yerevan on November 25.

ArmInfo. Lydian Armenia and  Ameriabank have signed $24 mln collateral loan agreement. The  press-service of the company has told ArmInfo that the loan will be  used for purchase of equipment needed for the implementation of the  program on Amulsar gold deposit development. The bank will provide  the loan in several tranches. The client will receive the first $10  mln in December 2016. Endeavour Financial Company acts as financial  consultant of Lydian Armenia. 

ArmInfo. Mining industry of Armenia has a real investment potential, Howard Stevenson, President & CEO at Lydian International Ltd, said at a sustainable mining business conference in Yerevan on November 16.

ArmInfo.

ArmInfo. UK domiciled Lydian International Limited is implementing the largest industrial project in Armenia – Amulsar Gold Project. The company plans US$370 capital investments in the Amulsar Project. The groundbreaking ceremony held in August 2016 marked an important milestone as the company moved to construction activities. Ten years have passed since the launch of the project.  Lydian Armenia (legal successor of Geoteam CJSC) Managing Director Hayk Aloyan believes that those ten years appear to be the hardest for the company. During that period, the company laid foundation based on good international industry practices that require a big number of environmental, social and industrial risk management tools. These commitments are strictly observed, as the Project involves not only private shareholders and international investment funds, but also such authoritative organizations as IFC and EBRD – the company’s institutional investors for whom reputation risks are inadmissible. Hayk Aloyan shares his views about the path passed and the prospects of the Project in an interview with ArmInfo’s economic analyst Emmanuil Mkrtchyan.

ArmInfo.On August 19, a Ground-breaking ceremony for Lydian Armenia's Amulsar project took place in the future area of the heap leach facility, at Vayots Dzor Marz of Armenia, according to the press-service of Lydian Armenia company, which develops the deposit. The ceremony was attended by the Prime Minister of Armenia Mr. Hovik Abrahamyan, Minister of Energy 
and Natural Resources Levon Yolyan, Minister of Economy Artsvik Minasyan, heads of communities of Jermuk, Gndevaz, Saravan and Gorayk.

ArmInfo. As Amulsar project proceeds to a new stage of construction the company has taken a decision to rename the fully owned Armenian subsidiary of Lydian International previously called Geoteam to Lydian Armenia.

ArmInfo. Lydian International Limited (TSX:LYD) ("Lydian" or "the Company") has announced that the Board of Directors of the Company approved the terms of a proposed non-brokered private placement (the "Private Placement") of ordinary 
shares of the Company to the European Bank for Reconstruction and Development (the "EBRD") on July 21. Under the terms of the proposed Private Placement, the EBRD will subscribe for an aggregate of 33,500,000 ordinary shares of the Company at a price of C$0.34 per share, for aggregate gross proceeds of C$11,390,000. The funds will be used to finance the Environmental and Social Mitigation Measures (ESMM) undertaken as part of the Amulsar Gold Project in Armenia. 

ArmInfo. Geoteam CJSC (affiliate of Lydian International LLC) licensed for Amulsar gold deposit development, is sure that mining industry is quite compatible with 
agricultural activities. The company's representatives demonstrate in practice that it is possible to maintain soil fertility and develop small business on the territory of Amulsar project implementation. 

ArmInfo. The European Bank for Reconstruction and Development (EBRD) plans to invest up to CAD 10.5 million to purchase Lydian International's shares as part of its capital increase. The funds will be used to finance the Environmental and Social Mitigation Measures (ESMM) undertaken as part of the Amulsar Gold Project in Armenia.

ArmInfo.  As of today we have a project which received positive expert opinion from the Armenia's Ministry of Nature Protection and we are ready to launch construction activities", Senior Manager on Sustainable Development at Geoteam CJSC Armen Stepanyan told journalists during the presentation of the International Environmental and Social Impact Assessment (ESIA) of the Amulsar program, which knows no equals on the territory of Armenia. 

ArmInfo.Prime Minister of Armenia Hovik Abrahamyan received on May 21 Howard Stevenson, President and CEO of Lydian International British company, which implements the Amulsar project. As the press-service of the government informs the prime minister mentioned the importance of the implementation of such a large foreign investment program in the country, which will lead to development of mining industry and economic growth. According to him the mining sector is under spotlight of the government. At the same time Abrahamyan mentioned that the government intends to provide necessary assistance to the enterprises of the field taking into consideration drop of prices on the international market. 

ArmInfo. Canadian experience in the field of mining industry is exceptionally important for the mining enterprises of Armenia, Hayk Aloyan, Managing Director of Geoteam CJSC, told journalists at the Armenian-Canadian business-forum on March 14.

ArmInfo.  Lydian International Limited (100% owner of Geoteam CJSC) has announced that International Finance Corporation (IFC) has proposed to invest 40 million USD in the Amulsar construction financing arrangement. 

ArmInfo. Lydian International Ltd (UK) has signed a $325 mln agreement with the financial and investment funds to finance the development of the Amulsar gold mine in Armenia, Armenian Minister of Economy Karen Chshmarityan said before the Government's meeting on Thursday.

On July 23 British-Canadian "Lydian International" and its Armenian subsidiary "Geoteam" CJSC presented the results of the environmental and social impact assessment of the Amulsar Gold Project implementation. Along with several other expert consultants Wardell Armstrong International Ltd, an independent British consulting company undertook the assessment in compliance with the standards of the International Finance Corporation and European Bank for Reconstruction and Development. To note, IFC and EBRD are "Lydian International" shareholders.