Lydian Armenia

Lydian Armenia is a mining company registered in the Republic of Armenia and the holder of mining rights for the Amulsar gold mine. The company was founded in 2005. The Amulsar deposit, discovered through large-scale geological exploration by Lydian Armenia, is the first—and remains the only - mineral deposit discovered since Armenia’s independence. In recognition of this achievement, Mining Journal awarded Lydian the “Outstanding Achievement” prize in 2011 for the discovery and exploration of Amulsar. From the outset of its operations in Armenia, Lydian Armenia has introduced international best practices in health and safety, environmental management, and social responsibility. Notably, it was the first company in the country to conduct a full Environmental and Social Impact Assessment (ESIA) for the Amulsar project, meeting the standards of the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC). Through its activities, Lydian Armenia helped position Armenia on the global mining map, drawing the attention of leading scientific institutions and mining experts worldwide. In December 2024, Lydian Armenia entered into a strategic partnership with the Government of Armenia, with the state acquiring a 12.5% stake in the company.