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Lydian Presented Amulsar Project at PDAC

On March 5-8 the largest annual convention of mining industry PDAC (Prospectors and Developers Association of Canada) took place in Toronto.

More than 900 companies from 125 countries as well as governments of several countries presented their mining projects and mining industries.

PDAC is the largest annual mining convention attended by more than 22,000 participants, with representatives from mining companies, equipment manufacturers, service providers, governments, financing sources, investment institutions, individual investors, NGOs, and others

A large expo show of mining projects, services and equipment is accompanied by hundreds of side events, conferences and panel discussions on technical issues of the industry, as well as on sustainability management, stakeholder engagement, economic impact of mining, etc.

Lydian International was presenting Amulsar and Armenia at PDAC for the 9th consecutive year. 

 

For the first time Armenian Government was also represented at PDAC by the Deputy Minister of Energy, Infrastructure and Natural Resources Vardan Gevorgyan. At one of the sessions Mr. Gevrogyan made a presentation on the investment potential of mining industry of Armenia. At the same session Lydian Armenia Managing Director Hayk Aloyan presented Amulsar project. Deputy Minister held several meetings with renowned international institutional investment companies that have invested in Amulsar project and in Armenia.

Reflecting on the last 9 years of Lydian’s presence at PDAC Hayk Aloyan emphasizes the importance of the country recognition among the investors. Despite a popular belief in Armenia, attracting mining investments into a country is not easy. Investors consider political stability, predictable jurisdictions and experience in hosting major investments. Even developed countries with well-established mining sectors like Finland, Sweden, Canada or Australia have large-scale representation at PDAC, with separate expositions, promoting mining investments into their countries. 

“When we first brought Amulsar project to PDAC in 2008, many investors had never heard of Armenia. At PDAC it becomes obvious that attracting responsible international players into the country’s mining sector is a difficult task”, Hayk Aloyan, Managing Director of Lydian Armenia says, “At PDAC it also becomes obvious that today’s mining industry is well-advanced in offering sustainable, modern solutions to the issue of environmental, social, health and safety management in mining.  PDAC is a place where mining industry, financiers, governments and NGOs constructively discuss how mining can benefit all stakeholders and that is what happens in many developed mining destinations. We in Lydian believe that it is also possible in Armenia”. 

 

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