Lydian got the opportunity to conduct preparatory activities in  Amulsar ahead of winter 

ArmInfo. Lydian Armenia reports that it has received temporary access to the Amulsar gold mine for preparatory work and preservation of technological and  mobile equipment for the winter period. This is the press service of  the company.

According to the information, the work is being carried out in order  to minimize the possible damage to the equipment during the winter  period and to ensure the effectiveness of the inspection (survey) of  construction, mining works and operation.

''In view of the illegal blockade of roads leading to the territory  of the Amulsar deposit, since the end of June this year the company  has been deprived of opportunity to work. Nevertheless, we continue  to work with the government to find solutions to the current  situation, and we also evaluate the company's financial, strategic  and legal alternatives. During this period, the preparation of  equipment for the winter period is extremely important. This is a  positive step, as we are working to ensure continuous access to the  territory within which the project is being carried out, " Joao  Carrelo, President and CEO of Lydian.

To note, the construction activities within the Amulsar project have  been suspended. The reason for this was the protest action of  environmental activists who claimed that the use of the deposit would  damage the environment of Jermuk. Over the next two to three months,  international authoritative experts will publish the results of the  environmental impact assessment of the project. In case of positive  expertise, the project will continue.

To recall, Lydian Armenia is a subsidiary of the British Lydian   International, whose shareholders are large international   institutional investors from the United States, Britain, a number of  European countries 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, the  project of the construction and development of the field was  launched.  Preliminary work has been carried out since 2006. The life  of the  Amulsar deposit will be 10 years and 4 months, an annual  average of  200,000 ounces of gold (about 10 million tons of ore) is  planned. The company's shares are quoted on the Toronto Stock  Exchange. Amulsar deposit is the second largest in Armenia.