Armenia greenlights controversial Amulsar gold mine
Operation of the contested Amulsar goldmine has been greenlit after Armenia’s government accepted a 12.5% share in the mines on Thursday. The agreed project also notes that the Ministry of Economy will manage the share once the mines are operational. The share was agreed upon when Lydian Armenia, the company operating the mines, Armenia’s Economy Ministry, and the Eurasian Development Bank (EDB) signed a memorandum of understanding in February 2023. The government’s decision to accept the