Lydian International Ltd T.LYD

Primary Symbol: LYDIF

Metals & Mining Gold

Lydian International Ltd is a gold focused mineral development corporation engaged in exploring and developing precious metals assets located in Armenia and Georgia. Its main project is Amulsar Gold Project (Amulsar) in Armenia. It owns the Amulsar Project, through its wholly-owned subsidiary Lydian Resources Armenia. Amulsar is a compelling opportunity for a large scale, low cost operation utilizing open pit mining and conventional heap leach processing.

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Lydian International Ltd > Consequences of minig piracy

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Post by Kapan988on Apr 05, 2018 4:48am

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Post# 27834005

Consequences of minig piracy

Germany-based Cronimet Holding GmbH is exploiting Armenia's Qajaran mine and Artsvanik tailing dam since 2004. In the meanwhile, its subsidiary, Cronimet Envirotec GmbH, has been recognized with a 2017 German Resource Efficiency Prize for its system for the treatment of metallic sludges. The prize was announced by Federal Ministry for Economic Affairs and Energy (BMWi) State Secretary Matthias Machnig in late January 2018. Cronimet Holdings GmbH's other subsidiary, Cronimet Mining, owns 60% of the Zangezur Coper Molybdenum Combine (ZCMC) in Qajaran and continues to pollute Armenia's rivers.