Russian political expert is skeptical of Azeri-Turkish-Georgian plan to form a military alliance

Armenian Government to cut its passenger traffic subsidies to South Caucasus Railway

Armenia and Georgia to build a bridge of friendship between Bagratashen and Sadakhlo

Armenia to build a farm to breed Sevan trout

Georgia conducts active measures to eliminate consequences of landslide on Georgian Military Highway

The Prime Minister of Georgia was presented the 40-Year Old Armenian Brandy

Prime Minister of Georgia arrives in Yerevan

Natali Pharm Company to be licensed to import narcotic and psychotropic substances to Armenia

Sports and Concerts Facility after K. Demirchyan to be signed off to Defense Ministry of Armenia for debts

Azerbaijan breached ceasefire on the Line of Contact nearly 40 times over the last two days

Ruben Melkonyan: It is too early to speak about Ankara-Tbilisi-Baku axis

Aziz Tamoyan: 200 Yezidi families from Iraq will settle in Artsakh

Hovik Abrahamyan calls for taking his statements the right way

Beeline offers Let's Talk service to corporate customers

VTB Bank (Armenia) starts providing "diamond" lombard loans

Developing military cooperation among Georgia, Turkey and Azerbaijan is not dangerous for Armenia: Armenian Deputy DM

Armenian man who fired at Turkish Embassy emblem in Russia to wait for court verdict under arrest

Orange begins “Smartphonization of Armenia”: bring your old phone and get a new smartphone at half price

U.S. Ambassador to Armenia addresses parties to Karabakh conflict in Armenian

Economist: Vorotan Cascade of HPPs must remain under state management

NKR Defense Army Commander: Baku blackmailing OSCE Minsk Group

Investigation Committee: Karen Petrosyan might be abducted from Armenia's territory

Manvel Grigoryan: In case of war in Artsakh, the boys of oligarchs and statesmen will also be fighting

No single Iraqi Yazidi has so far applied to Armenia for refuge

VTB Bank (Armenia) prolongs working time at some of its branches

Beeline grants its customers 1,000 intra-network minutes or 1,000MW Internet traffic on their birthdays

Paruyr Hayrikian to embark on hunger strike on 8 September

Aziz Tamoyan: Yazidis are killed on the same scenario as Armenians in 1915

Hovik Abrahamyan: I cannot wave a magic wand to bring everyone out of the shadow

Nikol Pashinyan urges Parliament to provide privileges to residents of near border Armenian communities

Roman Pope to serve liturgy timed to Armenian Genocide centennial

Washington refuses to sell Cougar military vehicles to Baku


Zardusht Alizadeh: Arriving in Sochi, Aliyev and Sargsyan once again demonstrated the world that Russia is still the demiurge in the Caucasus

Masis Mailyan: Unlike Azerbaijan, global centers of force are not interested in growing tensions in Nagorno-Karabakh conflict zone

Sergey Grinyayev:The West’s sanctions are extremely positive for the Eurasian Union project

Alexey Kolomiyets: West's sanction will hardly sober Putin and the Kremlin

Hrant Bagratyan: Sanctions will have tangible impact on Armenia

Georgi Kolarov: The second Nagorno-Karabakh war is inevitable

Artashes Shaboyan: Reduction in consumer demand has a negative effect on supermarkets

Tigran Davtyan: If you have a telephone with you, it means that you have a wallet with you too

Shmuel Meirom: Israel is willing to contribute of its experience in the field of economy, but it cannot force Israeli business to invest in Armenia

Marine Karapetyan: Ameriabank on large business: problems and solutions

Eduard Sharmazanov: The opposition camp has no leader to steer the people

Alexander Zinker: Readiness of the Kremlin to protect its “Big Russian world” is dangerous for Russia itself

Vahe Davtyan: lternative power engineering should be developed regardless of fluctuations in electric power tariffs

Alexander Krylov: Taking into consideration the experience of the EU, Russia has to refuse maximal extension of the Eurasian Economic Union

Rasim Musabekov: Not only global but also the regional geo-political balance is changing

Zardusht Alizade: Apart, Armenia and Azerbaijan will always remain non-democratic fascist states

Dariusz Prasek: EBRD demands absolute transparency from companies

European Bank for Reconstruction and Development (EBRD) is a shareholder of Lydian International Company, the sole owner of Geoteam CJSC operating Amulsar gold mine in Armenia. EBRD became a shareholder of Lydian in 2009. Later on 21 March 2012, the bank increased its share in the company to 6.80%. Another 10.23% of shares in the company belong to the International Finance Corporation (IFC), a member of the World Bank.

  • by Arthur Yernjakyan

  • Friday, March 28, 17:34


Dr. Dariusz Prasek, Director for Project Appraisal with the EBRD's Environment and Sustainability Department, kindly agreed to tell about EBRD’s policy in the mining industry in an interview with ArmInfo.



Mr. Prasek, Yerevan hosted an international conference entitled "Responsible Mining in Armenia: Opportunities and Challenges” on 25-26 March. Responsible mining and transparent activity of the mining companies became spotlights of the conference. The public is concerned that the national legislation in the field of environment either does not meet the international standards or is not fulfilled. What do you think about it?     



Bringing the national environmental standards in line with the international ones helps improving the general environmental criteria and norms over time. This will have a positive impact on the mining industry regulations in the country.


Do we have much to do to meet international standards?


Armenia has already carried out a big work to regulate the legislation in the field and to apply international standards.


Do you think Armenia may come across an environmental disaster in the future due to the current regulation and exploitation insensitivity?   


I cannot say whether the mining projects will lead to an environmental disaster in Armenia or not. But I can unambiguously say that we make sure that the projects with the EBRD’s participation are prepared in compliance with international criteria. I would add that the current development of science allows developing and applying mining technologies that do not violate the environmental standards.    


Are the EBRD’s current environmental requirements tougher than the national requirements?


I cannot assess the requirements, because Armenia is holding no more negotiations with the European Union in application of European standards. Meanwhile, we are committed to the EU guidelines.


Can we say that the EBRD’s stake in any company’s capital is a landmark to attract investments?  


I can say that if the EBRD has a stake in a company’s capital, we expect that company’s activities to meet international criteria. We also demand that the company should be open and ready for publications about its activities. Very often our participation means that the company must be open to the public. 

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