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GEOTEAM
Hanrapetutyan 37, 4 floor,
Yerevan, Armenia
Tel: +37410546037
The discussion formed part of the rigorous Environmental and Social
Impact Assessment (ESIA) process for the Amulsar Project undertaken by
the company together with its major investors, the International
Finance Corporation (IFC) of the World Bank Group and the European
Bank for Reconstruction and Development (EBRD).
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GEOTEAM JOINS CONSTRUCTIVE ROUNDTABLE WITH NON-GOVERNMENTAL
ORGANISATIONS ON AMULSAR PROJECT
YEREVAN, Armenia, 5 November 2014-Lydian International Ltd and its
Armenian subsidiary Geoteam yesterday took part in a roundtable
meeting organized within range of discussions on development of Local
environmental action pland for Jermuk hosted by the Regional
Environmental Centre for Caucasus (REC Caucasus) in Yerevan alongside
representatives from a diverse range of civil society organisations
and scientific and research institutes. It was a constructive
conversation which gave participants the opportunity to discuss
environmental and social considerations associated with the
development of the Amulsar mine.
The discussion formed part of the rigorous Environmental and Social
Impact Assessment (ESIA) process for the Amulsar Project undertaken by
the company together with its major investors, the International
Finance Corporation (IFC) of the World Bank Group and the European
Bank for Reconstruction and Development (EBRD). Lydian and Geoteam are
committed to following the highest international and environmental
standards in accordance with the practice of these organisations; the
Company has spent around US $5 million on a comprehensive scientific
environmental research and socio-economic assessment with the help of
world-class specialists. As part of this commitment, the company
places great importance on ensuring that local communities and civil
society help shape this project while being kept well informed on its
design and impact assessment.
The event was organised to give all participants the opportunity to
engage in a frank, open and broad conversation. All NGOs who have been
involved in the process were invited and the event was open to all
civil society groups. Lydian plans to organize additional similar
events.
Didier Fohlen, Executive Vice President of Lydian International, said:
`We at Lydian are grateful for the input from those who participated
in today's discussion and, we continue to welcome every opportunity
for open and constructive dialogue. We are committed to ensuring that
Amulsar will raise the bar for environmental management in the mining
industry in Armenia. We hope that an open and transparent discussion
around the impact assessment and the mitigation measures included in
the ESIA will help to establish a roadmap for civil society engagement
with mining companies. The successful development of the Amulsar
project offers a major opportunity to Armenia. The $420 million
financing required will be one of the largest private investments ever
made in the country, helping to enhance the economic development of
Armenia.'
================================================== ========
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Copyright © 2014 Geoteam CJSC, All rights reserved.
Hanrapetutyan 37, 4 floor,
Yerevan, Armenia
Tel: +37410546037
The discussion formed part of the rigorous Environmental and Social
Impact Assessment (ESIA) process for the Amulsar Project undertaken by
the company together with its major investors, the International
Finance Corporation (IFC) of the World Bank Group and the European
Bank for Reconstruction and Development (EBRD).
------------------------------------------------------------
GEOTEAM JOINS CONSTRUCTIVE ROUNDTABLE WITH NON-GOVERNMENTAL
ORGANISATIONS ON AMULSAR PROJECT
YEREVAN, Armenia, 5 November 2014-Lydian International Ltd and its
Armenian subsidiary Geoteam yesterday took part in a roundtable
meeting organized within range of discussions on development of Local
environmental action pland for Jermuk hosted by the Regional
Environmental Centre for Caucasus (REC Caucasus) in Yerevan alongside
representatives from a diverse range of civil society organisations
and scientific and research institutes. It was a constructive
conversation which gave participants the opportunity to discuss
environmental and social considerations associated with the
development of the Amulsar mine.
The discussion formed part of the rigorous Environmental and Social
Impact Assessment (ESIA) process for the Amulsar Project undertaken by
the company together with its major investors, the International
Finance Corporation (IFC) of the World Bank Group and the European
Bank for Reconstruction and Development (EBRD). Lydian and Geoteam are
committed to following the highest international and environmental
standards in accordance with the practice of these organisations; the
Company has spent around US $5 million on a comprehensive scientific
environmental research and socio-economic assessment with the help of
world-class specialists. As part of this commitment, the company
places great importance on ensuring that local communities and civil
society help shape this project while being kept well informed on its
design and impact assessment.
The event was organised to give all participants the opportunity to
engage in a frank, open and broad conversation. All NGOs who have been
involved in the process were invited and the event was open to all
civil society groups. Lydian plans to organize additional similar
events.
Didier Fohlen, Executive Vice President of Lydian International, said:
`We at Lydian are grateful for the input from those who participated
in today's discussion and, we continue to welcome every opportunity
for open and constructive dialogue. We are committed to ensuring that
Amulsar will raise the bar for environmental management in the mining
industry in Armenia. We hope that an open and transparent discussion
around the impact assessment and the mitigation measures included in
the ESIA will help to establish a roadmap for civil society engagement
with mining companies. The successful development of the Amulsar
project offers a major opportunity to Armenia. The $420 million
financing required will be one of the largest private investments ever
made in the country, helping to enhance the economic development of
Armenia.'
================================================== ========
** forward to a friend
(http://us5.forward-to-friend2.com/forward?u=c20380ccccb177f572c414b52&id=ed31b01991& e1aaa90b5)
Copyright © 2014 Geoteam CJSC, All rights reserved.