ArmInfo.The Amulsar issue is painful for Armenia, as it concerns the protection of the environment. This was announced by Armenian President Armen Sarkissian on July 7 at the 3rd youth forum on the topic "Security and Foreign Policy" of the Armenian Institute for International Affairs and Security Issues.
He noted that the most urgent issue in the operation of the Amulsar deposit is the provision of water quality in the Vayots Dzor region. "But the problem is not only in Amulsar, in fact Amulsar is a symbol of all environmental problems, I believe that the Prime Minister is right that all problems should be discussed very carefully and given a solution." We cannot allow the mining industry to cause damage our main natural resource - water, "Sargsyan said. Commenting on the rumors about his connection with the Lidian company, Sarkissian assured that 5-6 years ago he was offered to become an independent member of the Board of Directors of the company. "Independent means that I and my family members did not have the right to pursue any financial interests." After 3 months I left this post, "the president assured.
Concerning his general position towards industrial progress, Armen Sarkissian stated that only those enterprises that do not cause or cause minimal damage to the environment should work. To note, recently, environmental protest actions against the exploitation of the Amulsar deposit have intensified. The organizers of the actions believe that this will cause irreparable damage to the environment of Vayots Dzor. The company "Lidian", by contrast, claims that the Amulsar deposit will be operated in accordance with the most stringent environmental standards. Let us recall that Lydian Armenia is a subsidiary of the British Lydian International, whose shareholders are also large international institutional investors from the United States, Great Britain and 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 for the construction and development of the field was launched. 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. The company's shares are quoted on the Toronto Stock Exchange. Amulsar deposit is the second largest in Armenia.