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No respite for Lydian and enviro audit tie-ups

Kitco News

Despite clearing Lydian International earlier this month of wrongdoing in regards to a environmental audit, the Armenian government is conducting more reviews.

Lydian said that last week Prime Minister Nikol Pashinyan of the Republic of Armenia posted to social media that he asked the Ministry of Environment on August 21, 2019 to review a report from the Special Investigative Committee of the Republic of Armenia relating to the Amulsar Project.

Edward Sellers, Interim President & CEO of Lydian International, said he was disappointed.

"To hear that the Prime Minister has asked for consideration of whether any additional EIA process is required in respect of the Amulsar Project is more than disappointing, particularly after the Prime Minister’s recent public statements," said Sellers in a news release. "Lydian has been subject to three environmental audits over the past year during which there was no suggestion that any additional EIA process would be required.

"The SIC Report substantiated that the recommendations contained in the Audit Report had already been addressed or are contemplated in the management plan Lydian submitted as part of the EIA process that resulted in Lydian being awarded its mining rights. Neither the SIC Report or the Audit Report suggest that there are design changes to the Amulsar Project which might require a new assessment," the news release said.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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