Lydian (Amulsar Gold Mine) - Extension | Accountability Console
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Lydian (Amulsar Gold Mine) - Extension

Sectors

Extractives (oil, gas, mining)

Description:

Projects in this Sector: 92

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Issues Raised

Community health and safety

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Projects with this Issue Raised: 368

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Consultation and disclosure

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Projects with this Issue Raised: 551

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Due diligence

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Projects with this Issue Raised: 489

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Environmental

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Projects with this Issue Raised: 411

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Livelihoods

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Projects with this Issue Raised: 357

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Pollution

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Projects with this Issue Raised: 234

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Water

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Projects with this Issue Raised: 196

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Project Information

Investment ID: 48579

Bank: European Bank for Reconstruction and Development

Environmental Category: A

Country: Armenia

Region: Europe and Central Asia

Approval Date: July 20, 2016

Investment Types: Other

Total Project Cost: CAD 11.4 million

Total Complaints: 1

Description

In 2015, Lydian International Limited had completed exploration of the Amulsar gold deposit and had secured financing to start mine development. In 2016, the EBRD provided Lydian International with an equity injection, which was 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.

Investments

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