150 Million Dollars for Amulsar Development

During today’s session, the government of Armenia decided to allocate a budget guarantee of $150 million to the company Lydian Armenia to ensure the start of operations at the Amulsar mine.

It was noted that with the signing of the relevant contract, a budget guarantee of up to $150 million will be provided for Lydian Armenia OJSC to attract loan resources from banks operating in Armenia with a repayment period of up to 5 years and a nominal interest rate of up to 9 percent.