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News

Announcement
Announcement 18-05-2016 Lydian International Limited is pleased to announce it has disclosed an amended Environmental and Social Impact Assessment (“ESIA”) for its 100% owned Amulsar Gold Project. The amendments reflect project improvements realized from Lydian’ successful 2015 value engineering program (see Lydian’s news release, dated November 25, 2015).
Hayk Aloyan: Armenia Can Have a Competitive and Strong Economy
Hayk Aloyan: Armenia Can Have a Competitive and Strong Economy 05-05-2016 In the coming 2 years project construction capital expenditures will amount to some US$ 370 million. Till the end of this year some 800 jobs will be generated around the construction.
"Before working in Geoteam I was also Certain about Leaving the Country" 04-05-2016 Young specialists on their experience in Geoteam Company
Howard Stevenson: “Amulsar is truly a premium project”
Howard Stevenson: “Amulsar is truly a premium project” 22-12-2015 Mediamax’s interview with Howard Stevenson, President and CEO of Lydian International
Geoteam hands over radio guides to Matenadaran
Geoteam hands over radio guides to Matenadaran 01-10-2015 Matenadaran will work with new equipment. Matenadaran, the Scientific Research Institute of Ancient Manuscripts, will hence carry out group tours with high quality radio guides. A total of 7 transmitters and 120 receivers will allow to simultaneously receive large touristic groups, providing the most comfortable conditions for visitors.
Amulsar: Myths and Reality
Amulsar: Myths and Reality 17-09-2015 In an article several months ago I highlighted the myths about mining industry in general. Today I want to focus on Amulsar specifically and separate myths from concerns. Many questions voiced have been addressed continuously for years by different means of communications and some of those constituencies that had valid concerns have been satisfied by the answers. By this said, I do not want to imply that there should not be any further questions. They are welcome and any further concerns will be addressed properly. However when the same unfounded claims, that received comprehensive answers, still continue to be circulated, they stop being concerns and turn into myths. During these years the myths were so many and they changed so rapidly that it is impossible to fit them all into one article. Some of them were gradually abandoned by the authors themselves. Some are still in circulation and I would like to highlight several of those.
A New Project in Jermuk
A New Project in Jermuk 07-09-2015 Plastic waste can cause serious environmental problems, as it does not decompose under natural conditions. Plastic garbage should be collected and isolated for the purpose of processing. Unfortunately, it is not a common practice in Armenia. However, in March 2015, with Geoteam CJSC’s support, a Project - “From Waste to Souvenir”- was launched in Jermuk, in secondary school named after Maxim Gorky.
Why Geoteam Invests into Social Projects before Seeing Profit?
Why Geoteam Invests into Social Projects before Seeing Profit? 26-08-2015 Interview with Geoteam CEO Hayk Aloyan
Prime Minister of Armenia and US Ambassador visited Amulsar
Prime Minister of Armenia and US Ambassador visited Amulsar 19-08-2015 On August 15, Prime Minister of Armenia Mr Hovik Abrahamyan, and U.S. Ambassador Richard M. Mills, Jr. visited Lydian International’s Amulsar project site. The Minister of Energy and Natural Resources Mr Yervand Zakharyan and the Governor of Vayots Dzor and the Mayor of Jermuk accompanied them. The Ambassador, Prime Minister, and Minister of Energy had the opportunity to tour the Amulsar Gold Project site with Mr. Hayk Aloyan, the General Manager of Geoteam CJSC, a fully owned subsidiary of Lydian International.
Amulsar: Questions and Answers
Amulsar: Questions and Answers 18-08-2015 Over 50 international and local scientists and expert organizations participated in this work of assessing potential environmental and social risks of the Amulsar project and offering solutions and mitigation measures. The ESIA was disclosed on May 27 and is available on Geoteam and Lydian websites.

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