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Lydian (Amulsar Gold Mine)
Sectors
Issues Raised
Project Information
Bank: European Bank for Reconstruction and Development, IFC/MIGA
Environmental Category: B
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 | 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 |
IFC/MIGA 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 |