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#GOLD MINE
Economy
Armenian government provides Lydian Armenia with budget guarantees to receive a loan of up to $150 mln.
The Armenian government approved a decision at a meeting on Thursday, according to which Lydian Armenia will be provided assistance in obtaining credit funds.
27.02.2025, 18:29
Business
British-owned Chaarat Gold sells its Kapan gold mine to local company
British-owned Chaarat Gold Holdings is selling its Kapan gold mine in Armenian Syunik for $54.5 million to Armenian miner Gold Mining Company.
17.08.2023, 17:51
Economy
All problems are solvable- Kerobyan on economic benefits and environmental risks of Amulsar mine’s development
Armenian Economy Minister Vahan Kerobyan endorsed the government’s decision to restart the Amulsar gold mining project that was disrupted by protesters shortly after the 2018 “velvet revolution.”
01.03.2023, 09:50
Economy
Armenia will get 12.5% of Lydian Armenia shares
The government of Armenia, the Eurasian Development Bank (EDB) and the Lydian Armenia company signed a Memorandum of Understanding in Yerevan on Wednesday, whereby the parties express their readiness to raise a total of $250 million to develop the Amulsar gold mine in Armenia’s Vayots Dzor province.
22.02.2023, 19:16
Politics
Armenian defense ministry denies allegations about penetration of Azerbaijani soldiers Armenian Vardenis region
Armenia's Ministry of Defense has denied today allegations about the penetration of Azerbaijani soldiers the territory of the Sotk gold deposit located in the Vardenis region of the Gegharkunik province of Armenia.
26.11.2020, 18:48
Business
Armenian Prime Minister does not rule out a referendum on Amulsar gold mine
Armenian Prime Minister Nikol Pashinyan did not rule out that a referendum may be called to find out whether to allow the Amulsar gold mine to resume operation or shut it down.
05.03.2020, 09:36
Business
GeoPromining urges journalists to abandon 'primitive' practice of seeking political context when covering foreign investors' activities
GeoProMining, a diversified international group of mining companies, developing the Sotk gold deposit in Armenian province of Gegharkunik, has urged today local mass media to abandon what it called the 'primitive' practice of seeking a political context when covering the activities of foreign investors in Armenia.
16.08.2019, 17:12
Society
Armenian law-enforcers launch criminal case against environmentalists for threats to kill Lydian Armenian employees
Armenia’s National Security Service (NSS) detained July 6 two citizens, identified as A.B. and A.A. for threatening to kill employees of the Lydian Armenia company, developing the Amulsar gold mine in the southern province of Vayots Dzor and members of their families in an interview with 1in.am news agency.
11.07.2018, 15:55
Business
Armenian minister against development of Amulsar gold mine
Armenian Minister of Nature Protection Erik Grigoryan has endorsed today environmentalists and residents of several villages in Vayots Dzor province who are opposed strongly to development of Amulsar gold mine by Lydian Armenia Company.
10.07.2018, 17:43
Economy
Criminal elements in Armenia obstruct operation of large Russian investors
GeoProMining, a diversified international group of mining companies, which develops the Sotk gold mine in Armenia and owns the Ararat Gold Recovery Factory , as well as the Agarak Copper Molybdenum Combine, announced today the halt of production at the Sotk gold mine in Gegharkunik province.
24.05.2018, 16:22
Business
Government exempts two Armenian companies from payment of customs duties
Lydian Armenia mining company has invested more than 44 billion drams in the development of the Amulsar gold mine and is going to invest another 180 million drams, Minister of Economic Development and Investment of Armenia Suren Karayan told a cabinet session today.
23.06.2017, 18:34
Business
Construction of Amulsar gold mine kicks off in Armenia
Armenian prime minister Hovik Abrahamyan traveled today to the southern province of Vayots Dzor to attend a ceremony marking the start of construction of the Amulsar gold mine.
19.08.2016, 19:31
Business
Lydian international to develop Amulsar Gold mine in Armenia
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.
11.03.2013, 21:22
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Popular
In January-March 2025, 386,741 tourists visited Armenia compared to 434,425 people in the same period of 2024 (a 10.97% decline over the year), the Tourism Committee of the Ministry of Economy of the Republic of Armenia reported.
Less than 390,000 tourists arrived in Armenia in January-March, the decline for the year is approaching 11%
