Lydian (Amulsar Gold Mine) – Extension

Country:

Armenia

Project number:

48579

Business sector:

Natural resources

Notice type:

Private

ESIA disclosed:

19 May 2016

Status:

Disbursing

Target board date:

20 Jul 2016

Project 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

ESIA disclosure package

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 availability

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/   

Enquiries

Environmental or social enquiries:

In person, in writing or over the phone at Lydian International offices in Yerevan:

  • Attention: Community Relations Department, Lydian International,
  • Postal Address: 37 Hanrapetutyan Street, 4 floor, Yerevan 0010, Armenia
  • Tel: +3 741 054 6037
  • Fax: +3 741 058 6037
  • Company Website: http://www.lydianinternational.co.uk/  

In person verbally to the Community Relations Officer, which will be recorded on a feedback form.

General enquiries

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

This document was prepared at an early stage of project development, before consideration by the EBRD Board of Directors. Details of a project may change following disclosure.

Environmental and Social Impact Assessments and ESIA summaries are produced by project sponsors, and the EBRD makes them available without any comment or implied endorsement. Any views expressed or statements made in the Environmental and Social Impact Assessment or the ESIA Summary do not necessarily reflect the views or opinions of the EBRD.

Last updated 25 June 2014