YEREVAN, March 11. / ARKA /. Simon Fraser, permanent undersecretary in the UK Foreign and Commonwealth Office, commended today in Yerevan Lydian International Company for its pledge to invest $400 million in Armenia’s mining industry. Lydian International will operate Amulsar gold deposit in Armenia.
Speaking to Armenian reporters, Simon Fraser said he had discussed this issue when he was received by Armenian president and prime minister. He said Lydian International will work with particular attention to ecology.
Simon Fraser also said that the United Kingdom’s government is ready to assist British companies wishing to invest in Armenia’s financial, information technology, mining and in agriculture sectors.
“We are interested in boosting the volume of our investments in Armenia. This largely depends on the availability of open, reliable and stable investment environment,” he added.
In turn, UK Ambassador to Armenia, Jonathan Aves, noted that Lydian International’s investment will contribute to perceiving Armenia as a country with a favorable environment for investment.
“The Lydian International is enforcing the highest international standards for the protection of the environment and for ensuring financial transparency. Its success will be a green light for other companies,” the ambassador said.
According to the National Statistical Service of Armenia, Armenia’s trade with the United Kingdom in January 2013 rose to $17.7 million, an increase of almost 4 times compared to the same period of 2012. -0-