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Lydian (Amulsar Gold Mine) - Extension

Sector: Water Supply and Storage • Location: Armenia

Source: European Bank for Reconstruction and Development (EBRD)

Project
Complete

Lydian has been preparing on the Amulsar Gold Mine for development for over five years and has now secured financing to start mine development. The Bank is providing Lydian with an equity injection, which will be earmarked for financing of the Environmental and Social Mitigation Measures (ESMM) (as defined in the ESAP, including financing a biodiversity off set programme and the construction of wa

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The project “Lydian (Amulsar Gold Mine) - Extension” is an infrastructure initiative in the Water Supply and Storage sector, located in Armenia. Taiyo aggregates data on it from European Bank for Reconstruction and Development (EBRD).

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Description

Description

Lydian has been preparing on the Amulsar Gold Mine for development for over five years and has now secured financing to start mine development. The Bank is providing Lydian with an equity injection, which will be earmarked for financing of the Environmental and Social Mitigation Measures (ESMM) (as defined in the ESAP, including financing a biodiversity off set programme and the construction of water treatment facility) and related activities. The Bank’s financing will be earmarked for financing key components of the Project ESIA mitigation measure such as the biodiversity off set programme and construction of a passive water treatment facility. The above provision will be included in the Subscription Agreement alongside the Environmental and Social Action plan. There is a Project Summary Document available for this project Environmental and Social Impact Assessment Non-Technical Summary (NTS): English | Armenian Environmental and Social Action Plan (ESAP) Stakeholder Engagement Plan (SEP) Environmental and Social Impact Assessment Chapter 1 – Introduction Chapter 2 – Legal Framework Chapter 3 – Project Description Chapter 4 – Environmental and Social Baseline Chapter 5 – Alternatives Assessment Chapter 6 – Environmental and Social Impact Assessment Chapter 7 – Cumulative Impact Assessment Chapter 8 – Environmental and Social Management Plan Appendices for Chapters 1-7 Appendices for Chapter 8 Figures for Chapter 6.5 Full ESIA documentation is available locally at: 1st Street 2/1, community of Gndevaz, Vayots Dzor Marz, Republic of Armenia And EBRD Resident Office in Yerevan: 2nd floor, rooms 95-97, Piazza Grande Business Centre, 10 Vazgen Sargsyan Street, Yerevan 0010, Armenia And http://www.lydianinternational.co.uk/ Environmental or social enquiries: In person, in writing or over the phone at Lydian International offices in Yerevan: In person verbally to the Community Relations Officer, which will be recorded on a feedback form. Howard Stevenson Chief Executive Officer Lydian International Limited Direct enquiries to: 7000 S. Yosemite Street, Suite 201 Centennial, CO 80112 USA +1 720 307 5080 Email: howard.stevenson@lydianinternational.co.uk  www.lydianinternational.co.uk

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Source reliability

High

Data quality score

100%

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