Aram Gareginyan, ArmInfo
Interview with Tim Coughlin, President and CEO of Lydian International Geo-exploration Company
Lydian's three largest institutional share holders are International Finance Corporation (IFC), Newmont Mining Corporation and the European Bank of Reconstruction and Development. The company’s two main projects are the Amulsar gold project in Armenia and the Drazhnje Zn-Pb-Ag and Au project in Kosovo. The Amulsar project is a high-sulphidation, epithermal-type gold mineralization located within the borders of Vayots Dzor and Syunik, 170 km far from Yerevan.
...The investments in the Amulsar project will make up approximately \$ 7 millions in 2010.
…In the sphere of “Erato” we have new promising results confirming the need for geological exploration to be conducted there. By the end of 2010 we hope to increase the mine assessment up to 2 million ounces.
...IFC helps us to observe our projects to comply with WB standards in the sphere of nature protection and social issues.
April 13, 2010