Armenia: Amulsar gold mine poses high risk of water contamination & adverse environmental impacts, say experts; inc. company & shareholders' responses
The report "Amulsar Gold Project: Overview of Concerns with the Amulsar Gold Project, Potential Consequences, and Recommendations" by independent experts argues the Amulsar gold mine project, owned by Lydian International, poses a high risk of long-term, adverse impacts to the environment, including drinking water resources in Armenia.
Business & Human Rights Resource Centre invited the company and its reported shareholders to respond. Lydian International, RBC Asset Management, European Bank for Reconstruction & Development (EBRD), Resource Capital Funds and Orion Mine Finance responded. Franklin Resources Inc., Donald Smith & Co., Amber Capital and ASA Gold & Precious Metals Limited did not respond.