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Lydian Seeking To Attract Investments Into Amulsar Project Bearing H

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  • Lydian Seeking To Attract Investments Into Amulsar Project Bearing H

    LYDIAN SEEKING TO ATTRACT INVESTMENTS INTO AMULSAR PROJECT BEARING HIGH INVESTMENT RISKS

    16:00 March 17, 2015

    EcoLur

    Lydian International Company is seeking to attract shareholders into
    the development of Amulsar gold mine Armenia. Lydian International
    Company presented Amulsar project at PDAC-2015 in Canada. The CEO of
    Lydian International Company Howard Stevenson stated that investments
    will be attracted and the construction will be launched in 2015,
    while gold mining will start in 2016. Nevertheless, the company
    didn't mention anything about pre-conditioned positive opinion
    of environmental expertise for Amulsar project and the mandatory
    requirements of project safety posed by Nature Protection Ministry and
    naturally not a word about serious risks and threats for strategic
    water resources, unique biodiversity revealed by public monitoring,
    as well as nothing about public opposition to Amulsar project.

    Below we publish environmental lawyer and 'Save Teghout' initiative
    member Arthur Grigoryan's article

    'Amulsar Mining Is Illegal and Impermissible

    PART ONE

    I have joined the group, which opposes to Amulsar mining project
    considering it, first of all, contradictory to the legislation of
    the Republic of Armenia, economically harmful and disproportionally
    risky in viewpoint of ecology and culture.

    It should be mentioned that company to be developing Amulsar has
    presented a quite high-quality EIA, which is not inherent to mining
    projects implemented in Armenia so far. Nevertheless, nice packaging
    contains a very vulnerable project in conent and an irresponsible
    project, the implementation of which is merely illegal.

    Amulsar mining can't be classified as 'responsible mining' concept,
    as it doesn't comply with 'performance standards' it declared
    and the requirements of the national legislation it prescribes,
    mentioned by units advocating the mining project - IFC, WB, EBRD, US
    and UK diplomatc representations etc, thus bearing huge individual
    responsibility, including for the processes started before the
    projects...

    Another legal issue is that the positive opinion of the environmental
    expertise of EIA is not an expert document in compliance with the law,
    but a short summary of the EIA, in my evaluation, which is subject
    to appellation as an administrative act in all legal ways, including
    in court.

    The heap leach facility is located in the area of Gndevaz community
    in a distance of 1 km from residential area. The permissibility of
    the construction of an ore dressing plant and a heap leach facility in
    such proximity to residential area is also subject to legal assessment,
    as well as determination of the project affected zone.

    - In territorial viewpoint, the most acute legal issue is determining
    the mining affected zone: taking into consideration that Amulsar
    is located in the drainage basin of Lake Sevan, while 'Vorotan-Arpa'
    hydrotechnical complex is also an immediate impact zone of Lake Sevan -
    all the communities located in the drainage basin of Lake Sevan shall
    also be recognized as Amulsar mining affected communities.

    - Spandaryan reservoir is located in a distance of 6 km from mining
    area (including infrastrucutres), which can store up to 260 million
    cum water. On the other side, Kechout reservoir is located in a
    distance of around 4.5 km, from where the accumulated water flows to
    Lake Sevan through Arpa-Sevan tunnel. Water flows form in the area
    of Amulsar mine, which supply water to Vorotan, Arpa and Darb rivers,
    which will be used for different purposes in the area laid down in the
    EIA, as well as beyond this territory for the irrigation of vineyards
    for the production of brandy and wine.

    - Approximately 22-kilometer-long Spandaryan-Kechout tunnel is
    located between the mine and the plant, which was constructed to
    transfer annually around 160 million cum water from Vorotan water
    accumulated in Spandaryan reservoir to Kechout reservoir, then to
    Lake Sevan. Some parts of mining affected zones are also Lake Sevan
    immediate impact zones.

    Jermuk resort town is located in a distance of 10 km from Amulsar.

    Depreciation of Jermuk international fame, probable negative impacts
    on the vineyards irrigated with the project affected rivers, risks
    for decrease in wine and brandy production and their quality decrease
    are subject to alternative economic assessment.

    Though the recently passed resolution of the Armenian Government allows
    to transfer rare and extincting plant species from the mining area,
    this resolution is subject to appellation in court, as it contradict
    with RA Code on Subsoil, as well as laws on flora and fauna.

    Valuable cultural finds have been detected in Amulsar.

    In addition to legal, economic, social, cultural and other
    contradictory points, Amulsar mining also has a very serous problem,
    which makes the declared priority of social responsibility impossible:
    it has already caused a tense intercommunity and intracommunity
    conflict, which will get deeper and deeper.

    http://ecolur.org/en/news/mining/lydian-seeking-to-attract-investments-into-amulsar-project-bearing-high-investment-risks/7125/

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