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 Monday, September 30 2013

British Ambassador to Armenia approves of Amulsar gold project

British Ambassador to Armenia approves of Amulsar gold project

 Ambassador of the United Kingdom to Armenia Jonathan Aves hopes that Armenia will become more attractive for British companies.


He told journalists on Monday that the HSBC is one of the biggest British investors in Armenia. 


He urged the Armenian authorities to encourage British companies to more actively invest in the country. One of such investors is Lydian International, a company implementing the Amulsar gold project.


Aves said that the Amulsar project can give Armenia new jobs and budget revenues, while Lydian International can become a trendsetter for other international companies by showing them that Armenia has a favorable investment climate. 


The Amulsar gold mine is developed by Geoteam, a company fully owned by Lydian International. Among the shareholders of Lydian International are the EBRD (6.80%) and the IFC (10.23%).
 

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