EcoLur
Joint working group concludes its assessment of proposed site for heap leach processing facility, production deadline extended and Lydian commences geotechnical drilling, design works and trade-off studies.
Lydian International Ltd. a gold-focused mineral exploration and development company, today announced that the working group formed by the Government of the Republic of Armenia has concluded its assessment of the Company’s latest proposed location for a heap leach processing facility at its Amulsar gold project and the Armenian Government has given the Company its preliminary endorsement for the proposed location.
The working group was formed by the Minister of Economy of the Republic of Armenia in order to discuss issues related to the proposed location of heap leach processing facility, and was comprised of senior representatives from the Company and the Armenian Government, including representatives of the Ministry of Economy, the Ministry of Energy and Natural Resources, the Ministry of Nature Protection, the Ministry of Urban Development and the State Committee of the Real Estate Cadastre. On October 8, 2013, the working group concluded that the Company’s most recently proposed location for its proposed heap leach processing facility was suitable and that this location does not conflict with national laws and regulations. As a result, the Government of the Republic of Armenia and the Company have agreed that the site is acceptable for both parties, with surmountable regulatory requirements clearly stated in the final protocol of the working group.
Marc Leduc, Lydian's Chief Operating Officer said “The new proposed facility will be located four kilometres southwest of the previous proposed facility and seven kilometres from the pits and is a potentially good valley fill.
The Company plans to resume its permitting process in the fourth quarter of 2013 and, as part of this process, aims to complete the required environmental and social impact assessment (ESIA) in the second quarter of 2014.
Reminder: Lydian International Company plans to Amulsar gold open pit mining where gold concentration is 0.8 grams per ton and to process ore with heap leaching technology. It’s already the third time that the company changes the location of the cyanic facility, as the previous territories posed essential risks to water resources, first of all, the strategic priority of Armenia – Lake Sevan.
October 18, 2013 at 12:38