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Geoteam CJSC Published Updated Environmental and Social Impact Assessment

"As of today we have a project, which received positive expert opinion from the Armenia's Ministry of Nature Protection, and we are ready to launch construction activities", Senior Manager on Sustainability at Geoteam CJSC Armen Stepanyan told journalists during the presentation of the International Environmental and Social Impact Assessment (ESIA) of the Amulsar Project, which knows no equals on the territory of Armenia. 

Lydian International, the only shareholder of Geoteam Armenian CJSC, that has been licensed to develop the Amulsar deposit, published the updated ESIA on May 17. International independent expert companies Wardell Armstrong International, Golder Associates, TEC, ERM, Shared Resources, Shape Consulting as well as a number of Armenian scientific institutes and organizations worked on the document. The report adheres to the requirements of the International Finance Corporation and European Bank for Reconstruction and Development. 

According to the Senior Manager on Sustainability, the report was first made public in May 2015. Within the year, the document has been revised and updated based on additional research and along with engineering changes of the project. "Certain corrections were made to both the Amulsar Project and the expenses, and additional environmental and social surveys were conducted for ESIA," Stepanyan said.  

Read more: http://www.arminfo.am/index.cfm?objectid=11C23350-2A32-11E6-A12A0EB7C0D21663

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