In July 2020, the European Bank for Reconstruction and Development made it known that it has divested from Lydian and its Amulsar project. EBRD had been funding Lydian since 2009. In the exploration phase it owned CAD 5.8 million worth of equity shares of the company. Later, EBRD participated in…
Introduction Lydian has published a revised NI 43-101 technical report (Lydian International, 2019; “Technical Report”) for the Amulsar Project in Armenia. The Canadian National Instrument (NI) 43-101 Standards of disclosure for mineral projects is a set of rules and guidelines for reporting and displaying information related to mineral properties owned…
On March 7 and 8 2019, a delegation headed by Suma Chakrabarti, President of the European Bank for Reconstruction and Development (EBRD) was on a visit to Armenia. In contrast to the words of praise proliferating in the Armenian media over EBRD's visit and activities in general, we would like…
The Armenian Environmental Front civic initiative has sent a letter to Davit Sanasaryan, Head of the State Control Chamber of Armenia. The full text of this letter-appeal is presented below. Armen Sarkissian’s intervention in the governmental decision-making with regard to Lydian’s mining project In March 2013, Lydian International, the 100%…
From Harout Bronozian to: Tigran Avinyan <tigran.avinyan@gov.am>, Ararat Mirzoyan <ararat.mirzoyan@gov.am>, press@president.am, erik.grigoryan@mnp.am, <vardan.gevorgyan.g@gmail.com>, first.deputy-minister@mnp.am, deputy-minister@mnp.am, deputy-minister2@mnp.am, emil.tarasyan@president.am Dear Mr. Avinyan, This is in regards to your recent statements below about the Amulsar Gold Mine Project in Armenia https://news.am/arm/news/476665.html Ամուլսարի հարցում չունենք ապացույց, որպեսզի հայտարարենք բնապահպանական աղետի մասին. Տիգրան Ավինյան (In…
On June 23, 2018 Dr. Ann Maest and Dr. Andre Sobolewski held a press conference during which they spoke about their trip to Amulsar, results of the meeting with Lydian and their final conclusions. They released their statement, which we present below: "We have met with officials from the Armenian…