Lydian (Amulsar Gold Mine)

Sectors

Issues Raised

Project Information

Investment ID: 42182, 27657

Bank: European Bank for Reconstruction and Development, International Finance Corporation and Multilateral Investment Guarantee Agency

Environmental Category: B

Country: Armenia, Kosovo

Region: Europe and Central Asia

Approval Date: None

Investment Types: Equity, Loans

Total Project Cost: No recorded data on this

Total Complaints: 4

Description

Lydian is a junior mining company focused on exploration projects in Eastern Europe and Central Asia. Lydian currently holds licenses for the Amulsar exploration stage property in Armenia and the Drazhnje and Crepulje exploration stage properties in Kosovo. Amulsar is a new discovery whereas the Crepulje and Drazhnje projects were previously explored during Yugoslav times. Current and planned future exploration activities mainly comprise continued surface drilling at Amulsar and Crepulje and the opening up and rehabilitation for mapping, sampling and drilling purposes of already existing underground exploration development at Drazhnje.

Investments

Investment Type	ID	Amount	Status	Bank	Client
Equity	42182	CAD 5.8 million	Planned	EBRD	Lydian International
Equity, Loans	27657	USD 16.0 million	Planned	IFC/MIGA	Lydian International

Related Complaints

European Bank for Reconstruction and Development PCM Complaints	IAM	Country	Date Filed	Status
DIF Lydian (Amulsar Gold Mine)	EBRD PCM	Armenia	29/07/2014	Closed Without Outputs
DIF Lydian (Amulsar Gold Mine) 2	EBRD PCM	Armenia	29/10/2014	Closed Without Outputs

International Finance Corporation and Multilateral Investment Guarantee Agency CAO Complaints	IAM	Country	Date Filed	Status
Lydian Intl3-01/Gndevaz & Jermuk	IFC CAO	Armenia	16/04/2014	Closed With Outputs
Lydian Intl3-02/Gndevaz	IFC CAO	Armenia	25/07/2014	Closed With Outputs

Implementers

Name	Complaints	Dispute Resolutions	DR Successful	Compliance Reviews	Non-Compliance
Lydian International