Armenia launches criminal case against Lydian for breaching gold mining contract

MINEX Forum | September 10, 2018
img0 Armenian prosecutors have launched a criminal case against mining company Lydian Armenia on suspicion of illegal mining at the giant Amulsar gold mine. Lydian Armenia, which is 100%-owned by Armenia-focused Lydian International, is developing Amulsar, which has Armenia’s second largest gold deposits, with estimated mineral resources of 3.5mn measured and indicated gold ounces and 1.3mn ...

Lydian Announces Financing Update

MINEX Forum | August 17, 2018
img0 Lydian International Limited (TSX:LYD) (“Lydian” or the “Company”) is pleased to announce that its senior lenders have agreed to extend the initial repayment date and the availability period from previously announced August 15, 2018 to August 31, 2018. Lydian continues to have further discussions with key stakeholders in order to complete comprehensive revisions to several ...

Lydian Reports Recent Illegal Road Blockages Near Amulsar

MINEX Forum | June 29, 2018
img0 Lydian International Limited (TSX:LYD) (“Lydian” or the “Company”) announced intermittent road blockages near its 100%-owned Amulsar Gold Project that have impacted recent construction activities. Following the change in the government of Armenia last month, demonstrations and road blockades have occurred sporadically throughout the country. These protests primarily targeted the mining sector, including the Amulsar project. ...

Amulsar construction update

MINEX Forum | April 10, 2018
img0 Lydian continues to advance all major construction objectives and operational readiness activities are underway at its 100%-owned Amulsar Gold Project in Armenia. With estimated average annual production of 225,000 gold ounces over an initial 10-year mine life, Amulsar will be among the most significant new gold mines to start operations this year. Engineering and procurement ...

Tragic accident at the Mindeli coal mine

MINEX Forum | April 10, 2018
img0 The President of Armenia Serzh Sargsyan has offered his deep condolences to President Giorgi Margvelashvili and the Georgian population over the tragic accident at the Mindeli coal mine in western Georgia that has claimed the lives of six and injured three. Armenian Prime Minister Karen Karapetyan has also offered his condolences to Georgian Prime Minister Giorgi ...

Lydian advanced all major construction objectives at Amulsar

MINEX Forum | March 28, 2018
img0 Lydian International Limited (TSX:LYD) (“Lydian” or “the Company”) announced today its results for the three months and year ended December 31, 2017. Copies of the Company’s audited annual financial statements, management’s discussion and analysis, and annual information form are available under the Company’s profile on www.sedar.com.  All dollar amounts referenced in this news release are, ...

Georgian Mining Corporation Appointment of New CEO

MINEX Forum | March 28, 2018
img0 Michael Struthers, previously Chief Operating Officer, has been appointed Chief Executive Officer with immediate effect. Mr. Struthers has over 37 years of international operational mining experience and replaces Mr Greg Kuenzel, who has been appointed Finance Director of the Company. Dr Neil O’Brien brings over 30 years of industry experience to GEO, including 15 years ...

Georgian agrees terms for Kvemo Bolnisi development

MINEX FORUM | March 15, 2018
img0 London-listed Georgian Mining and its joint venture (JV) partner Caucasian Mining have agreed on terms for the development of the Kvemo Bolnisi (KB) copper/gold project, in the Tehtyan Belt in Georgia. The parties have settled on funding the JV company, Georgian Copper and Gold (GCG), on a 50:50 basis, Georgian said in a statement on Thursday. In terms of a 2015 agreement, Georgian had to contribute $6-million towards ...

Lydian International shareholders respond to concerns of Armenian nature protection activists

MINEX FORUM | March 2, 2018
img0 Major shareholders of Lydian International have responded to concerns of Armenian nature preservation activists over environmental hazards, businesshumanrights.org reported. Recently the Armenian Nature Preservation Front, a nature protection organization, addressed an open letter to Lydian International’s major shareholders citing the concerns of independent experts over the Amulsar gold mine. According to the concerns, the Lydian ...

Lydian’s Amulsar Receives International Cyanide Management Code Certification

MINEX FORUM | February 7, 2018
img0  Lydian International Limited is pleased to announce that its Amulsar Gold Project has been pre-operationally certified in compliance with the International Cyanide Management Code (“Cyanide Code”). The announcement was made on January 18, 2018 by the International Cyanide Management Institute. The Cyanide Code is a voluntary industry program designed to assist the global gold and ...