Newsfeed

Public Services Regulatory Commission decides to reduce tariffs of some services of ArmenTel CJSC

Poaching and illegal hunting tours endanger birds in Armenia

The NKR premier: The Madrid Principles are certainly unacceptable to us

Armenian Copper Programme cuts blister copper production by 13.5%

VTB Bank (Armenia) confirms its leadership in lending

EY takes employees of Armenian ancestry back to their roots

Levon Hayraptyan's health much worse

Vahagn Hovnanyan: Oligarchs have full control of Armenian economy

John Heffern believes that Nagorno-Karabakh conflict can be resolved only through peaceful talks

In Oct 2014 Armenia to join UN peacekeeping operation in Lebanon

ICRC car fired at on Armenian-Azeri border

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

Azerbaijan mounts another sabotage attack on Line of Contact, Armenian side has 1 victim and 2 wounded

Helsinki Citizens' Assembly Vanadzor Office urges Armenian Defense Ministry to look into military conscription of a kyphotic young man

Armenia suffers no losses during crossfire initiated by Azerbaijan on Armenian-Azeri border

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

Armenia's former prime minister: The indicator of the economic growth in Armenia is extremely low for the first half of 2014

RPA: OSCE Minsk Group Co-Chairs’ latest statement was addressed to Azerbaijan

French citizen lost in Gegarkunik region of Armenia

RPA does not hurry to assess 100 day activity of Hovik Abrahamyan's government

Serzh Sargsyan sees no need in arming of population of border villages

Seyran Ohanyan: Armenia has been putting in place ‘engineering facilities’ along with other measures to prevent attempts by Azerbaijani sabotage groups to infiltrate into its territory

Charges brought against Levon Hayrapetyan

Lydian International promises to contribute to development of local labor market

  • by Karina Manukyan

  • Thursday, March 27, 08:58

Lydian International will contribute to development of the local labor market, Didier Fohlen, Executive Vice President at Lydian International Limited, said at the March 26 international conference entitled "Responsible Mining in Armenia: Opportunities and Challenges". 

He recalled that the company is implementing development programs for a number of rural communities adjacent to the Amulsar deposit. In addition, the company is shortly going to conduct personnel retraining, which will allow developing the local labor market.    

As regards the Amulsar project, Fohlen pointed out that the project was worked out with due regard for the social and environmental aspects. In addition, the development of the Amulsar deposit will have no negative effect on Lake Sevan. He also urged the public to take an active part in monitoring of water resources and stressed the significance of transparency and dialogue in that matter. 

Amulsar is a brand new gold discovery, the first for over 20 years in Armenia. The only shareholder of Geoteam is Lydian International. The European Bank for Reconstruction and Development became a shareholder of Lydian International in 2009 and on 21 March 2012 it increased its share to 6.80%. The International Finance Corporation, a member of the World Bank Group, owns 10.23% of the shares.

Earlier Armenia's Environment Protection Minister Aram Harutyunyan said that the Amulsar project had to be the best in the world. "This implies the use of modern technologies and effective environment protection procedures," the Minister said.

Send to a friend

To (e-mail)


Your name


Message


Comments

View comments (0)
  • READ ALL COMMENTS
  • POST A COMMENT

Be first to comment on this article

* Indicates required fields