Abandoning LydianAccording to International Finance Corporation’s (IFC) Office of the Compliance Advisor/Ombudsman (CAO) report published on June 19, 2017, IFC sold all of its shares in May 2017 and is no longer an investor in Lydian's gold mining project in Amulsar.
Currently, EBRD continues being a shareholder owning 6.5 percent of shares.
Since 2007 IFC invested $16.4 million in Lydian's gold project in Amulsar and had shares until May 2017. To read the report
https://bit.ly/2wxQWtX International mining company Newmont that was involved as a major investor in this project, also exited this project in 2010, while IFC had had confidence in this project thanks to Newmont’s involvement and assured that Lydian’s assets would develop based on best practice in the industry.
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