"Lydian Armenia" support Armenian IT development

ArmInfo.From June 29 to July 8, the annual summer innovation camp "DigiCamp" and the technological camp "ArMat", organized by the Union of Information Technology  Enterprises of Armenia, was held in Armenian Hanqavan. This year 8  children participated in them - students of the village of Kechut of  the Vayozdzor region and the engineering laboratory of the  educational complex of the resort town of Jermuk.

The engineering laboratories were founded with the assistance of Lydian Armenia in  the spring of 2017, and under the program, 8 students from the newly  created laboratories participated in the summer camp Zepyur in  hanqavan.

The 5th innovation camp "DigiCamp" gathered 45 participants at the  age of 14-17. The purpose of this camp is to support and direct young  people who have innovative ideas, to promote the development of their  technological ideas and further transformation into business  projects. In the framework of the innovative camp, students listened  to lectures by representatives of leading IT companies, the history  of successful IT companies such as SPIT, PicsArt, Ucom, Arloopa,  AEGEE-Yerevan, Global am, LimeTech, , "Synergy International",  "Instigate", and teamwork helped them develop their ideas. As a  result, the best 3 projects were selected, and their authors received  a monetary reward.

In its turn, summer camp ArMat, which is held for the second time is  unique in the terms of young people of 13-17 from Diaspora  participating in it. The aim of the program is to draw attention on  the IT sector and develop team spirit. The courses include robotics,  programming, contests, activities of Homeland history studying.   

Coordinator of engineering laboratories programs Sedrak Vardanyan  noted the importance of having engineering laboratories in  educational institutions. According to him, during the work of the  camp it became obvious that children who had the opportunity to  acquire knowledge in such laboratories were very well prepared. He  stressed that companies like Lydian, having a contribution to the  development of science, IT, are significantly contributing to the  development of information technology in Armenia.

To note, thanks to Lydian Armenia, schoolchildren of adjacent  communities of the Amulsar deposit participate in summer camps for 5  years.  To recall, Lydian Armenia is a subsidiary of the British  Lydian International, whose shareholders are large international  institutional investors from the United States, Great Britain, a  number of European countries, including IFC and EBRD. The Amulsar  project is the largest industrial project in Armenia for the  development of the Amulsar gold deposit at a total cost of $ 370  million. In August 2016, a project was launched that assumes the  construction and development of the field. Preliminary work has been  carried out since 2006. The life of the Amulsar field will be 10  years and 4 months, an annual average of 200,000 ounces of gold  (about 10 million tons of ore) will be produced. Within the framework  of the Amulsar program, 1,300 jobs will be created in the  construction process (construction works will last about 2 years) and  650-700 jobs throughout the entire operation of the field. The  company's shares are quoted on the Toronto Stock Exchange. Amulsar  deposit is the second largest in Armenia.