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Lydian International’s President & CEO's interview

Prime Minister of Armenia Karen Karapetyan recently hosted a group of investors headed by Howard Stevenson - the President and CEO of Lydian International which is engaged in implementing Amulsar Gold Project. Mr. Stevenson answered some questions of ARMENPRESS on the investment environment of Armenia and the progress of Amulsar project.

- A group of Lydian International investors were hosted by the Armenian Prime Minister last week. We would like to hear your impressions of the meeting. Lydian is the largest investor in the country, what were the impressions of your investors on Armenia's investment field? What issues were discussed?

- Armenia is a country that many of our institutional investors have never visited and it is extremely important that they meet different stakeholders and gain confidence that this is a good investment destination. The group included different groups of investors and analysts who cover market trends. They represent Canadian, British, American and European banks, funds and institutions. The visitors were interested in Armenia’s investment policy, economic perspective, the Government’s projections on upcoming economic developments. I want to thank the Prime Minister and the Government of Armenia for hosting the group and for showing Armenia’s openness to foreign investments. This is extremely important as the message goes back to the international markets and not only in the mining sector.

- The construction works have started last September, you plan to have the first gold pour in 2018, at what stage is the program now?

- The project is in active construction stage. We have started building infrastructure. We have already invested more than half of the promised 370 million USD into the construction ...

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