Armenia's prime minister called on Saturday for environmental protesters to...
YEREVAN - Armenia’s prime minister called on Saturday for environmental protesters to end their 18-month-old blockade of a foreign-owned gold mine, saying the protest was not in the national interest.
The Amulsar gold mine, which is located in a remote mountainous region, has been in development by Anglo-American mining firm Lydian International since 2016, with an investment of nearly $500 million so far. But a group of local residents and environmental activists have prevented access to the mine by blocking a road to the site since June 2018, putting pressure on the government to act in order to safeguard a major foreign investment.
Toronto Stock Exchange said earlier this month it would delist Lydian from Feb. 5 because the company did not meet the necessary requirements. The firm has been granted temporary protection from creditors’ claims as a result of the blockade.
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