Pashinyan refuses to freeze Amulsar gold mine

Pashinyan refuses to freeze Amulsar gold mine

Even the highest authority in Armenia should not consider that they can do anything they want, Armenian Prime Minister Nikol Pashinyan said in a Facebook livestream.

The head of the government was asked about the Amulsar gold mine. Pashinyan said that if he had been the chairman of the Cabinet ten years ago, the mine would not have been there.

However, the investors have invested about $400 million in the project, he said. "You can not just go and close it, if it has no basis in the law," he said.

If someone starts to make decisions without regard to the law, Armenia can return to permissiveness and lawlessness, Pashinyan said. And there should not be people in the republic who would be allowed to do everything, he added.

Lydian Armenia is a subsidiary of Lydian International. It was founded in 2005. The list of its institutional shareholders includes the European Bank for Reconstruction and Development and the International Finance Corporation, ARKA recalls

The Amulsar gold deposit is the second largest gold deposit in Armenia, containing about 31 million tons of ore and 40 tons of pure gold. It is located in the southeast of the country, 13 km from the resort town of Jermuk, between the rivers Arpa and Vorotan.