Lydian International gets new mining license for Armenia gold project October 3, 2012 - 13:59 AMT PanARMENIAN.Net - Lydian International has been awarded a new mining license for the Tigranes/ Artavazdes open pit at its Amulsar gold project in Armenia, according to proactiveinvestors.com.au. Lydian received the license after submitting a technical health and safety review and an Environmental Impact Assessment. The new license is valid until 2034 with extensions permitted as new resources are approved. It allows four years for construction and for the company to mine not less than 2.6 million tons of ore per year. The company's current mine development is scheduled for 2015. "This is another step towards gold production at Amulsar and continues to show the government's support of the mineral industry in Armenia" said Tim Coughlin, Lydian’s chief executive and president. "These are busy times for Lydian and Amulsar. This month we plan to provide the Government of Armenia all necessary documentation for its independent review of the Environmental and Social Impact Assessment. Drilling also continues with the aim of adding to the current reserve by converting in-pit resources." Partner news  Top stories Dwelling on Armenian government’s lawsuit against the airline company, Andranik Shkhyan said the airport is ready to join the initiative. Zvartnots airport will host a press conference on May 24 on the operation of Tel Aviv-Yerevan- Tel Aviv flights. “The increase for energy tariffs is prompted by a price hike for gas used in production,” Garegin Baghramyan said. Earlier, ArmRosgazprom CJSC addressed Armenia’s Public Services Regulatory Commission with an offer to reconsider natural gas prices.   Partner news |  Latest news Israeli security expert says Syrian hacker attack foiled  Israel refuses to comment on the strike but officials at the time said Iranian missiles set for Hezbollah were hit.Gyumri to host Europe Day celebrations The celebrations will feature a small information fair, with EU project representatives to brief the visitors on the initiatives launched.1st Armenian interactive fairy tale available for iPhone/iPod Touch The tale sparked great interest in Diaspora. Such projects, namely interactive version of “Alice in Wonderland”, are popular abroad.Expert says Russian FM’s remarks in context of Madrid Principles No decisive developments will follow the meeting between Russian and Azerbaijani foreign ministers, David Jamalyan said. |
