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Lydian Provides Responses to Environmental Audit Recommendations

Lydian International Limited announced today that it has provided the Special Investigative Committee of the Republic of Armenia with responses to the recommendations contained in the report prepared by Earth Link & Advanced Resources Development on its audit of environmental aspects of the Amulsar Project. 

Copies of the Audit Report are available in English and Armenian at:

http://investigative.am/en/news/view/amulsar-porcaqnnutyan-ezrakacutyun.html

Lydian’s responses to the recommendations in the Audit Report are available in English at:

https://www.lydianarmenia.am/index.php?m=newsOne&lang=eng&nid=237

And in Armenian at:

https://www.lydianarmenia.am/index.php?m=newsOne&lang=arm&nid=237

Edward Sellers, Interim President & CEO of Lydian International, commented: “The Audit Report substantiated Lydian’s prudential approach to environmental stewardship.  Lydian’s responses to the recommendations contained in the Audit Report speak for themselves, and Lydian has made its responses public so that fair minded people will be fully informed.”

Mr. Sellers continued: “Lydian’s environmental practices meet or exceed all applicable international standards, and were fully evaluated and confirmed as part of the comprehensive assessment under which Lydian received its mining permits.”

“The Company provided every piece of information requested of it as part of the audit, and all information was consistent with that provided by or on behalf of the Company in support of prior environmental assessments and numerous audits.  The information provided was more than sufficient for the authors of the Audit Report to form professional judgements consistent with those of other international experts who have previously considered the matters covered by the audit.”

Lydian operates in Armenia in accordance with its mining permits, which were granted based on a comprehensive Environmental Impact Assessment approval process. Nevertheless, Lydian’s Amulsar Project has been subject to three full-scale environmental audits since July last year.  Lydian has fully cooperated with all audits.

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