EcoLur
The representative of the European Bank for Reconstruction and Development positively assessed the recovery and reclamation in Amulsar, as Geoteam Company writes in its press release, “…EBRD professional visited Amulsar on 3 September with an inspection, and he found out that Lydian and Geoteam put much effort on the recovery and reclamation of the territory, where geological prospecting had been carried out. The areas where roads had been laid and wells drilled and currently are not used, were recovered,” the company press release says…It also says that the bank representative pointed out the importance of garbage management and household wastes and Geoteam implements it in line with the best international standards.
Amulsar gold mine project is implemented by “Geoteam” CJSC, which is 100% owned by Lydian International Ltd. In its turn, international financial institutions, IFC and EBRD, own the shares of Lydian, 10.23% and 6.8%, respectively. The project is in the stage of the investigation and consideration of permitting documents.
September 12, 2013 at 08:09