Posts Tagged "World bank"

Lydian is facing a collapse

One can conclude this judging by the comments that can be found on Toronto Stock Exchange page of Lydian International offshore company. Here, a number of shareholders of the company are concerned with the company’s activities since they…
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Those Responsible for Funding and Equipping mining in Amulsar

In February 2017, Armenian Environmental Front published information on philanthropists of Armenian origin who support opening a mine in Amulsar Mountain next to Jermuk. We are now presenting the key entities responsible for funding and…
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IFC’s groundless trust towards offshore Lydian International company

Back in April 2014 residents of Jermuk and Gndevaz as well as number of environmental NGOs and civil initiatives sent a complaint to IFC’s Office of the Compliance Advisor/Compliance (CAO) about “Lydian International” company’s open-pit…
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Is Aurora Compatible with Amulsar Mining? Open letter to Ruben Vardanyan and Noubar Afeyan

To the Founders of the Aurora Humanitarian Initiative Members of Board of Directors of Ameriabank CJSC Noubar Afeyan Ruben Vardanyan Dear Mr. Afeyan, Mr. Vardanyan, Days ago we were surprised and disappointed to learn that…
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“Responsible” Plunder of Nature: Problems Covered up by Lydian Regarding Exploitation of a Mine in Amulsar

Business and Human Rights Resource Center turned to Lydian International, a company that intends to exploit a gold mine in Amulsar, a mountain near Jermuk, Armenia for a response to the petition initiated by Pan…
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Response to the “compromised” version of Kaghtsrashen project

In 2013 World Bank provided Armenia’s government with around 30 million USD on preferential terms for improving its irrigation systems. The loan is to be repaid within 25 years. Within this loan the government decided…
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Open Letter To the Yerevan Office of the World Bank: No More New Mines in Armenia, including the Amulsar gold mine

In response to the World Bank Yerevan office’s invitation to participate in a workshop to discuss the draft note on “Environmental Governance in Mining Sector”, we would like to state that we refuse to participate…
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Unsustainable Projects in Armenia: Case of Amulsar Gold Mining by Lydian International

Lydian International Limited company is a mineral exploration and development corporation registered in an offshore zone namely in Jersey, Channel Islands. The Company is listed on the Toronto Stock Exchange and it owns a mining…
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Unsustainable Projects in Armenia: Case of Kaghtsrashen Irrigation Project

In 2013 World Bank provided around 30 million USD as a loan to Republic of Armenia for improving its irrigation systems. The loan was provided under the condition to repay it within 30 years. The…
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They are now begging the Diaspora for money to exploit Amulsar mine

Foreign companies with mining projects in Armenia are now reaching out to the Diaspora, organizing various meetings where they portray mining as a savior for Armenia’s economy and our people’s welfare. The heads of Lydian…
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