Lydian has received an advance under the term loan of US$3 million, which may be used by the Company to work towards removing the illegal blockades at the Amulsar Gold Project. In this regard, the official website of the company says, 'Lydian International has received an advance under the term loan of US$3 million, which will be used by the Company to make certain expenditures as it continues to work towards removing the illegal blockades at the Amulsar Gold Project.' The company press release doesn't mention which body provided the loan and what kind of activities exactly the company is planning to carry out with these funds.
Reminder: it's over 100 days since Vayots Dzor residents and activists have blocked all the roads leading to the infrastructures of the Amulsar Gold Project demanding from 'Lydian International' Company as represented by its subsidiary Lydian Armenia company to refuse from Amulsar project. For the regulation of this situation, Armenian PM Nikol Pashinyan has stated that the issue of Amulsar mining project will be solved based on the results of the international expert assessment. The interested parties must be ready to acknowledge the international expert assessment.
17:12 October 04, 2018