GREY:LYDIF - Post by User
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Ecolog67on Feb 11, 2018 1:16am
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What has Lydian hidden
What has Lydian hiddenThe conclusion drawn by the international independent experts is that the high risk of acid drainage and contaminant leaching, the poor geochemical evaluation, the inadequate water quality predictions and mitigation measures, Lydian’s inexperience, and the insufficient financial guarantee combine to make this a high risk project during mining and for hundreds of years after operations cease. This conclusion directly contradicts the claims made for Lydian by AMC Consultants (Lydian International Limited, 2017), that: “AMC is unaware of any environmental, permitting, legal, title, taxation, socioeconomic, marketing, political, or other relevant issues that may material y affect the Mineral Resources.” Such a statement is important for securing financing for the project, but it ignores the short-term and long-term liabilities predicted by the available evidence. The government and the people of Armenia should demand better from any company desiring to extract the country’s mineral wealth.
See here https://goo.gl/uacxuZ