Thursday, May 24 2018 17:12

ArmInfo. Staff members of the Armenian President's apparatus carefully study the documents with the complaints of environmentalists regarding the implementation of the investment program for the development of the gold mine Amulsar. This was announced by Armenian President Armen Sarkissian on May 24 in Yerevan in an interview with journalists after the awarding ceremony to the laureates of the President's Award for 2017.

"A group of environmentalists yesterday handed me complaints  regarding the implementation of the Amulsar project, and now the  staff of the President's Office are carefully studying these  documents, after which an answer will be given." Moreover, the  question on the appropriate channels will be sent to the government  to find a solution, if any, " To note, yesterday the Armenian  president met with the members of the "Amulsar without mines"  initiative, who organized a rally in Yerevan. Moreover, he danced the  national dance of Kochari with them.  Armen Sarkissian, after  listening to the protesters, said that he singled out several  problems. "As for the president, I single out for myself 3 important  tasks in our country: security - in a broad sense, it's not just the  army, the second is education, including the civic education that  young people got on the street, the third is the ecology where there  are many unsolved problems, "the president said.  To note, Lydian  Armenia is a subsidiary of the British Lydian International, whose  shareholders are large international institutional investors from the  United States, Great Britain, a number of European countries,  including IFC and EBRD. The Amulsar project is the largest industrial  project in Armenia for the development of the Amulsar gold deposit at  a total cost of $ 370 million. In August 2016, a project was launched  that assumes the construction and development of the field.  Preliminary work has been carried out since 2006. The life of the  Amulsar deposit will be 10 years and 4 months, an annual average of  200,000 ounces of gold (about 10 million tons of ore) is planned.  Within the framework of the Amulsar program, 1,300 jobs will be  created in the construction process (construction works will last  about 2 years) and 650- 700 jobs throughout the entire operation of  the field. The shareholders of the company are also international  institutional investors IFC and EBRD. The company's shares are quoted  on the Toronto Stock Exchange.  Amulsar deposit is the second largest  in Armenia.