EcoLur
President and CEO of “Lydian International” Company Howard Stevenson said that “Lydian International” Company plans to ensure the complete financing of Amulsar project and to proceed to the mine construction stage in 2015, as “Geoteam” CJSC informs.
Lydian International presented its Amulsar Project at the World's biggest mining conference, the Prospectors' and Developers' Association of Canada (PDAC) trade show and conference from 1-4 March.
“We are glad to be able to continue to present the project and Armenia in high-profile events like PDAC. At these times of economic volatility attracting investments is a challenge. We gave a presentation on Amulsar project as part of the PDAC conference and we are glad that the interest in the investment potential of Amulsar and Armenia is still high. As we plan to proceed to the full financing of the project this year, we look forward to the start of the construction and to building a world-class mining project in Armenia, beneficial for the country, the communities and the investors," Howard Stevenson, President and CEO of Lydian International said.
Reminder: “Lydian International” Company as represented by its “Geoteam” subsidiary is going to develop Amulsar gold mine located in the borderline of Vayots Dzor and Syunik Regions. “Lydian International” Company shareholders are International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD).
March 11, 2015 at 15:02