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. Armenia's Nature Protection Minister Artsvik Minasyan urged to control emotions at the discussions of operation of Amulsar gold mining, he stated about this in a talk with journalists on November 2.

ArmInfo. Acba-Credit Agricole  Bank presented sme.acba.am website to around 200 enterprise  representatives from various spheres of economy. The website is aimed  at becoming a free platform for online business management and  development and being accessible for everyone. It was brought out as  a result of the broad cooperation with the International Finance  Corporation (IFC), member of World Bank group. The sme.acba.am will  be launched in December, the website of the bank informs. 

ArmInfo. On October 19, INECOBANK presented a new product - InecoOne - a system to control cash online 24/7.

ArmInfo.

ArmInfo. Armenian Internet Governance Forum (ArmIGF) finished its work in Yerevan yesterday. The forum has been held for the second time organized by the Ministry of Transport and Communications of Armenia, Internet Governance Council and Internet Society of Armenia NGO (ISOC AM).

ArmInfo. The Armenian Institute of Directors (AIOD), a non-governmental organization, has signed a Framework Cooperation Agreement with the International Finance Corporation (IFC), a member of the World Bank Group. Within the framework of the agreement, AIOD and IFC have agreed to cooperate in promoting good corporate governance (CG) practices in the Europe and Central Asia region to help companies improve their performance, sustainability, and access to finance.

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. ACBA-Credit Agricole  Bank has already held 36 business seminars involving over 400  businessmen from 250 small and medium-sized enterprises (SMEs).  The  press office of the Bank has told ArmInfo that the next business  seminar will be held on 3-4 October 2016.   

ArmInfo. Banks of Armenia continue intensive capitalization, while experts anticipate new mergers till the end of 2016. According to the data of Financial Ranking of Armenian banks prepared by ArmInfo only 7 banks out of 19 have so far met the the minimal capital requirement, which according to the CBA's decision must not be less than 30 bln drams starting from 2017.

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. IFC, a member of the World Bank Group, is partnering with IAB International Academy of Business to help Armenian banks strengthen risk management systems, so that they continue providing much-needed finance to businesses, amid the challenges in operating environment, the press office of IFC has told ArmInfo. 

ArmInfo. For the fourth time Ameriabank has been granted Euromoney Award for Excellence - this time as the best bank in Armenia in 2016. The press service of the bank reports that the awarding ceremony took place in London on July  7.  For already 25 years the prestigious awards are granted to banks, brokers and dealers based on analysis carried out by Euromoney experts in over 164 countries. The Awards for Excellence are given in 20 banking- and capital market-related categories.

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 Armenian banking system remains under pressure of several factors such as dollarization, lending slowdown and loss of yield, according to the opinion expressed at a financial and banking conference in Yerevan on June 9. The conference was organized by Fitch Ratings.    

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.