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International Finance Corporation pulls out of Amulsar gold mine following complaints by NGOs & local residents over health concerns

Author: EcoLur Network (Armenia), Published on: 21 September 2017

"International Finance Corporation of World Bank (IFC) Refused from Funding Lydian International's Amulsar Project", 14 September 2017

International Finance Corporation of World Bank Group, (IFC), refused from funding Lydian International's Amulsar Project, as the letter addressed to Osvaldo Gratacós, Vice President and CAO, says. The IFC's letter is, as a matter of fact, a response to the Ombudsman's report on the complaints lodged by the NGOs and the residents of the local communities affected by Amulsar open gold mining and heap leaching project. The complainants were demanding from the IFC to pull out of this project, as it doesn't comply with the IFC standards and requirements.

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Related companies: Lydian International