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 Friday, July 20 2018 14:48
Alina Hovhannisyan

Lydian Armenia is deprived of opportunity to conduct environmental  management because of illegal blockade of roads leading to Amulsar  deposit 

Lydian Armenia is deprived of opportunity to conduct environmental  management because of illegal blockade of roads leading to Amulsar  deposit 

ArmInfo.Because of illegal blockade of roads leading to Amulsar deposit Lydian Armenia company is deprived of opportunity to conduct environmental management, the third letter sent to the authorized bodies by the company reads.

In particular, because of the current situation, starting from June  22 the company can not conduct environmental monitoring, as well as  control sewage and air quality, moreover, there is no possiblity to  trace the accumulation of dust layers. According to the press service  of the company, in the previous two letters it was noted that Lydian  Armenia can not bear responsibility for the current situation on the  territory of the deposit, because of illegal blockade of roads. "The  ecological condition of the field is beyond the control of the  company, which is unacceptable, since heavy rains can lead to  deviations in environmental indicators," the source noted. The  company urged to take  immediate measures to ensure the entry of  employees into the territory of the Amulsar deposit in order to avoid  negative environmental consequences.

To recall, 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.

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