ArmInfo.

ArmInfo. Within the Amulsar gold mine acquisition framework Lydian Armenia Company  secured jobs for about 450 persons, 230 of which are the neighboring communities residents, and the main part are the habitants of Gndevaz community.  This was stated by Hayk ALoyan, the Executive Director of Lydian Armenia, during his working trip to Vayotz Dzor district.               

ArmInfo. Within the biggest industrial acquisition pf Amulsar gold mines, Lydian Armenia attracted 28 international specialists of mining industry, who observe the process of construction works, implementing best international experience. The Executive Director Of Lydian Armenia Hayk Aloyan stated this on April 12, within the framework of work visit to Vayots Dzor region.   

ArmInfo. The EUR  51 mln loan  of KFW bank aimed at the modernization of the Vorotan HPPs cascade  will be redrawn to the American Company of Global Hydro Cascade.  

ArmInfo. Our expectations are absolutely clear - we want to open all financial flows both inside the country and sheltered in offshore zones. This opinion was voiced on March 24 by the member of the EITI multi-beneficiary group representing the public interest, and the head of the NGO EcoLur, Inga Zarafyan, referring to the possibilities in the framework of Armenia's accession to the Extractive Industries Transparency Initiative (EITI).

ArmInfo. The company Lydian International at the annual World Mining Congress in Toronto (PDAC) in the Canadian city of Toronto on March 5-8 presented a project to develop the Amulsar mineral assets.

ArmInfo. The Armenian delegation headed by the deputy minister of energy infrastructures and Natural Resources of Armenia Vardan Gevorgyan, will participate in the annual meeting of the largest enterprises of the mining industry's production (PDAC), which will be held in the Canadian city of Toronto on March 5-8. It is reported by the press service of the department.

ArmInfo. IFC, a member of the World Bank Group, has arranged a landmark $140 million financing package for the Vorotan Hydropower Cascade, one of Armenia's main power generating facilities, to bolster the country's supply of clean energy.

ArmInfo.

ArmInfo. Extinct plant  species relocated from Amulsar mining field have taken roots in new  environment, member of Public Council, CEO of Lydian Armenia Hayk  Aloyan stated at the session of Public Council under Ministry of  Nature Protection of Armenia held on February 2, the press service of  the Ministry informs. 

ArmInfo. Armenian Government is intended to set national parks and protected natural areas with clearly modified development programs, Artsvik Minasyan, the Nature Protection Minister stated at the press conference held on December 27 in Yerevan. 

ArmInfo. Armenian Nature Protection Ministry comes out for implementation of complete isnusance of environmental risks for all the mining sector, Artsvik Minasyan, the Head of the Ministry stated at the resulting press conference on December 27.

ArmInfo. The Public Services Regulation Commission at its December 21 session approved the Vorotan HPP Cascade  Modernization Investment Project for the years of 2016-2017. The owner of the Vorotan HPP Cascade is the "Contour Global Hydro Cascade" JSC

ArmInfo. The Armenian enterprises, where the state's share exceeds 50%, take the Government's decision on the need to introduce corporate management principles too formally, according to the participants in the recent workshop organized by the Corporate Governance Center and the Armenian Institute of Directors. 

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. The asset portfolio of Vorotan Hydro Cascade, which is the property of Contour Global Hydro Cascade (US), will be performance security. The relevant permit was issued on November 7 by the Public Services Regulatory Commission (PSRC).     

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.