Gold-mining company guarantees environmental risks insurance to residents of territories surrounding Amulsar
02.12.2016,
14:32
The company engaged in the mining of the ore of Armenia’s Amulsar gold field guarantees insurance of environmental risks, Artsvik Minasyan, Armenian nature protection minister, told journalists after a regular Cabinet meeting on Thursday.
YEREVAN, December 2. /ARKA/. The company engaged in the mining of the ore of Armenia’s Amulsar gold field guarantees insurance of environmental risks, Artsvik Minasyan, Armenian nature protection minister, told journalists after a regular Cabinet meeting on Thursday.
Construction on the Amulsar gold field was launched in August 2016. It aroused public some nongovernmental organizations and independent experts’ outcry. They expressed concern over possible damage to environment.
Minasyan said that the company ‘guarantees insurance of risks to third parties, i.e. population and legal entities’.
In his words, the environment risk insurance system will be introduced in Armenia’s entire mining industry.
This program is one of the biggest investment projects in Armenia. The construction that is expected to last from 2016 to 2018 will cost $370 million. Some 1,300 people will be involved in the stage of active construction and the subsidiary of Lydian International - Lydian Armenia, a British company that implements this program, will ensure 700 jobs for the decade of the gold field development.
Amulsar gold field is the second largest gold deposit in Armenia. It sits 13 kilometers from Jermuk, a popular resort. The deposit contains 31 million tons of ore and 40 tons of pure gold. --0---
Construction on the Amulsar gold field was launched in August 2016. It aroused public some nongovernmental organizations and independent experts’ outcry. They expressed concern over possible damage to environment.
Minasyan said that the company ‘guarantees insurance of risks to third parties, i.e. population and legal entities’.
In his words, the environment risk insurance system will be introduced in Armenia’s entire mining industry.
This program is one of the biggest investment projects in Armenia. The construction that is expected to last from 2016 to 2018 will cost $370 million. Some 1,300 people will be involved in the stage of active construction and the subsidiary of Lydian International - Lydian Armenia, a British company that implements this program, will ensure 700 jobs for the decade of the gold field development.
Amulsar gold field is the second largest gold deposit in Armenia. It sits 13 kilometers from Jermuk, a popular resort. The deposit contains 31 million tons of ore and 40 tons of pure gold. --0---
