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Armenian PM says Amulsar should go ahead, site access restored

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Lydian International said that the Prime Minister of the Republic of Armenia, Nikol Pashinyan, stated that access to the Amulsar Project site should be restored and the protesters blocking access should open the roads.

Lydian said Pashinyan made the statement on a live Facebook broadcast.

"The Prime Minister also stated that there is no legal basis on which the Government of Armenia can prevent Lydian from advancing the Amulsar Project in accordance with permits based on an existing Environmental Impact Assessment (“EIA”) or require an additional EIA regarding the Amulsar Project at this time," said the company in news release. "The Prime Minister noted that Lydian had affirmed expressly that it would comply with its EIA performance standards and then stated that stopping the Amulsar Project on environmental grounds would clearly illustrate a discriminatory approach regarding Lydian and not enhance Armenia’s ability to attract foreign investment."

The interim president and CEO of Lydian, Edward Sellers, said "...production is not intended to commence until Q4 2020 or Q1 2021, depending on how construction advances."

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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