ArmInfo.There is no reason to continue the prosecution of the Amulsar project. This was announced on August 14 during a press conference specially convened by the Investigative Committee of the Republic of Armenia, Yura Ivanyan, head of the Anti-Corruption Department of the Investigative Committee of the Republic of Armenia, referring to the expertise on the Amulsar project of the Earth link & Advanced Resources Development (ELARD) consulting company.
He explained that there is no direct connection between the groundwater located on the territory of the Amulsar project and the thermal hot springs of Jermuk. "Even in the event of an earthquake, the ingress of groundwater to Jermuk is excluded. The groundwater of Amulsar, as the examination showed, does not flow into the Spandaryan-Ketchut tunnel, thus, there is no effect on the Ketchutsk reservoir and Sevan. In these conditions, potential mixing Amulsar's groundwater with the waters of the Ketchutskoye reservoir and then with Lake Sevan will not lead to significant or measurable changes in the water in the lake, due to its size, "he said.
Y. Ivanyan also noted that according to the examination, the impact on the Arpa, Debet and Darb rivers is uncertain, since it cannot be measured from a quantitative point of view. At the same time, he said that the measures presented by Lydian Armenia to mitigate environmental risks were satisfactory, but the company presented a list of additional measures. "If these measures are carried out properly and in the established manner, then the environmental risks of impact on water resources and the environment will be completely manageable," he said, referring to the results of the examination. It should be noted that in September 2018, the Armenian government commissioned an assessment of the possible consequences of the Amulsar Gold project in terms of water resources. The scope of this audit also included analysis of the assessment of the impact of the company's activities on the environment and social sphere (). And this despite the fact that the EIA of the company was previously approved by the Armenian authorities in accordance with the legislation of Armenia - before Lidian initiated the Amulsar project. As consulting firms, Earth link & Advanced Resources Development (ELARD) was selected. In February 2019, the Armenian government allocated 396,900 US dollars to finance the third audit, which was announced earlier.
Recall that Lydian Armenia is a subsidiary of British Lydian International. The Amulsar project is the largest industrial project in Armenia today for the development of the Amulsar gold deposit with a total value of $ 370 million. In August 2016, the start of the project involving the construction and development of the deposit took place. Preparatory work has been carried out since 2006. The life of the Amulsarskoye deposit will be 10 years and 4 months; an average of 200 thousand ounces of gold (about 10 million tons of ore) is planned to be mined annually. Estimated mineral resources, as indicated in the Technical Report for the 1st quarter of 2017, contain 3.5 million verified and indicated ounces of gold and 1.3 million estimated ounces of gold. Amulsar field is the second largest reserves in Armenia. The company's shares are listed on the Toronto Stock Exchange.
Note that last summer the project had to be frozen due to the performance of environmental activists who blocked the entrance to the territory of the mine under construction. The new government of Armenia did not begin to use force and stated the need for a new environmental impact assessment to ensure full confidence in the safety of future operation of the field, located a few kilometers from the spa resort town of Jermuk.