Amulsar Mine

The main events of the United Nations COP17 biodiversity conference have launched in Yerevan, with discussions scheduled through the end of next week focusing on international commitments to protect biodiversity. The Armenian government has denied serious environmental risks from extraction at the controversial Amulsar gold mine in the southern Vayots Dzor province. Armenia’s environmental activists and NGOs have protested the mine’s operations for years, citing risks of water contamination.

Armenia’s controversial Amulsar gold mine officially launched operations, marking the end to years of delays over the project. It’s expected to generate $120-$130 million per year in taxes Drone strikes by Ukraine on multiple data centers used by Yandex, Russia’s largest technology company, led to disruptions to the company’s services across Armenia.

By Lia Avagyan Armenia’s Amulsar gold mine is expected to generate $120–130 million a year in taxes and royalties at current gold prices, the government’s representative at its operator said, as environmental activists renewed calls to halt the project. Gnel Sanosyan, a board member at Lydian Armenia representing the government’s 12.5 percent stake, gave the estimate in an interview published by Armenia’s Public TV on Tuesday evening. The figure excludes dividends payable to the state.