 Armenia-based Amulsar gold project gets $325 mln investment December 1, 2015 - 16:11 AMT PanARMENIAN.Net - Lydian International Limited announced to have entered into definitive agreements related to a $325 million construction financing package for Lydian's 100%-owned Amulsar Gold Project in south-central Armenia to be provided by Orion Mine Finance and Resource Capital Funds (RCF), Your Mining News reports. Howard Stevenson, Lydian's President and CEO, stated: "This financing is an important milestone in our commitment to all stakeholders to advance Amulsar to production. Orion and RCF are highly-respected mining finance investment funds, and over and above their financial commitments, each group brings added experience to our team." "The Financing provides over 75% of the overall financing requirement, which is a strong achievement in the current financial market,” Stevenson added. In response to Lydian’s announcement, the Prime Minister of the Republic of Armenia, Hovik Abrahamyan, commented: "The financing of the construction of the Amulsar Mine represents a significant step forward in the development of the mining industry in Armenia. The government of Armenia is pleased that significant investors in the mining industry recognize Armenia as a mining investment destination. We look forward to the socio-economic contributions to Armenia that the Amulsar Mine represents."   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Erdogan wants “realistic road map” for relations with Armenia  Turkish President Recep Tayyip Erdogan has called for a “new realistic road map” for relations with Armenia.Armenia-Azerbaijan: Experts launch work on determining coordinates Expert groups from the countries started the process of determining the coordinates based on geodetic measurements.Yerevan says did not expect CSTO in peacekeeping role Pashinyan has declared that the CSTO would be expected to come to the Armenia-Azerbaijan border as an ally of ArmeniaHenrikh Mkhitaryan wins Serie A title with Inter Inter Milan midfielder Henrikh Mkhitaryan admits that the team have long been imagining clinching Serie A against AC Milan. |
