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Time in Yerevan: 11:07,   28 March 2024

Opposition MP wants ad hoc committee to look into Lydian’s spending report

Opposition MP wants ad hoc committee to look into Lydian’s spending report

YEREVAN, SEPTEMBER 12, ARMENPRESS. Opposition MP Sergey Bagratyan from the Prosperous Armenia (BHK) party suggests setting up an ad hoc committee to validate the report issued by Lydian Armenia, the gold developing company that seeks to resume operations at the Amulsar mine.

“The figures in Amulsar operating Lydian Armenia’s reports, according to estimates of our experts, are highly exaggerated. We’ve met with the employees from Jermuk and Gndevaz who have carried out these works during construction and they will help us to find out that the work implemented there is formalized at 10-20 times higher prices, and according to estimates of our Armenian experts these works total no more than 20 million dollars. I suggest setting up an ad hoc committee today to study the mining industry problems, including to focus on the spending part and present it to the public,” Bagratyan said.

Edited and translated by Stepan Kocharyan








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