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Lydian International Ltd T.LYD


Primary Symbol: LYDIF

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.


OTCPK:LYDIF - Post by User

Post by Ecolog67on Sep 04, 2018 2:04pm
77 Views
Post# 28560165

Lydian under criminal investigation

Lydian under criminal investigation

The Prosecutor General’s department of protection of state interests has launched a criminal case against Lydian Armenia for alleged illegal mining operations in the Amulsar mine, the Prosecutor General’s office said in a statement.

The  criminal case is initiated on paragraph 2, Article 291 of the Criminal Code – causing damage to the environmental, the soil and mineral resources due to unauthorized mining operations or violations of rules.

The statement said that earlier the inspectorate of the ministry of nature protection had submitted documents on its July inspection at Lydian Armenia regarding illegal and unauthorized mountain mass demolishment. Based on the findings, the Prosecutor General’s department of protection of state interests had launched studies.
https://armenpress.am/eng/news/945440.html

 


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