Home > Boards > Canadian > Mining/Resources > Lydian Intl Ltd Ord (LYDIF)

It's looking like we are going to be

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
stargazer123 Member Profile
Followed By 33
Posts 2,727
Boards Moderated 0
Alias Born 10/01/10
160x600 placeholder
stargazer123   Tuesday, 09/10/19 11:50:07 AM
Re: None
Post # of 17 
It's looking like we are going to be able to build our mine. Our price should advance as that becomes clear.

Lydian Announces Prime Minister of Armenia's Statement that Open Access to the Amulsar Project Should be Restored.

Prime Minister Pashinyan Stated There is No Legal Basis to Prevent Lydian From Advancing
the Amulsar Project in Accordance with its Existing Environmental Impact Assessment
Mining and Environmental Inspection Body to Conduct Inspection to Ensure Compliance with Permits and EIA

Lydian Agrees to Establish Participatory Environmental Monitoring Arrangement with Armenia and Community Representatives

TORONTO, Sept. 09, 2019 (GLOBE NEWSWIRE) -- Lydian International Limited (TSX: LYD) (“Lydian” or the “Company”) announced today that during a live Facebook broadcast, Prime Minister Nikol Pashinyan, of the Republic of Armenia stated that access to the Amulsar Project site should be restored and the protesters blocking access should open the roads.
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. 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 Prime Minister further stated that the Government’s Mining and Environmental Inspection Body will conduct an inspection to ensure that Lydian is complying with its permits, including that no changes have been made to the Project unless permitted under the EIA. The duration of the inspection could be as short as 30 days or longer depending on what is discovered.

Edward Sellers, Interim President & CEO of Lydian said today: “Thousands of Lydian supporters welcome additional recognition from the Government of Armenia that there are no grounds to prevent Lydian from completing and operating the Amulsar Project. Lydian is looking forward to recovering and rebuilding its ability to complete construction and operate the Amulsar Project in accordance with its environmental performance standards. We are also looking forward to establishing a fair and transparent participatory environmental monitoring arrangement so Lydian and all its stakeholders can have confidence in the results and take pride in our operations.”

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences