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Response by Lydian International
Author: Lydian International, Published on: 19 February 2018
...The Amulsar project has been subject to an extraordinary amount of compliance oversight and review to ensure it meets or exceeds best international practice. The Environmental and Social Impact Assessment (“ESIA”) has undergone ten iterations, over six years, to arrive at the current version. An Independent Environmental and Social Consultant (“IESC”) appointed as third party, has regularly audited the project to ensure compliance with the standards and performance requirements of both the IFC and EBRD. Five external audits were carried out in 2017 alone and found the project to be compliant. The IESC has also specifically reviewed the BCB communications and responses and found that Lydian has appropriately addressed all concerns. Finally, a level of oversight which is quite unique to the Amulsar project, even by international standards, is an Independent Advisory Panel (“IAP”) which is comprised of distinguished professionals from around the world, including Armenia, who convene to provide oversight to the project, independent of the Company and the shareholders. The Amulsar Project is meeting or surpassing international standards for the advancement of the project, which is now in its final stage of construction. We maintain a firm belief that Amulsar is a major part of the development opportunity for Armenia and that the project will establish new standards in areas of social and environmental management in mining.
This is a response from the following companies: Lydian International