Armenia gold mine developer Lydian International Ltd (TSX:LYD) reported positive legal news Monday as it continues to try and advance its giant Amulsar project.
The country's administrative court has now rejected an application, which called for the Minister of Environment to revoke the Environmental Impact Assessment (EIA) of the Amulsar project approved in April 2016.
READ: Lydian International still blighted by illegal blockades at Amulsar; posts third quarter results
"Lydian’s EIA is compliant with Armenian and International standards and was prepared based on International best practices," said Lydian's interim CEO and president Edward Sellers, who described the latest development as "good news".
"We are thankful that the Armenian Judiciary has confirmed the validity of the EIA. This application is yet another example of the continuing attempts to interfere with Lydian’s legal right to develop and operate the Amulsar Project."
Dismissing the application, the Administrative Court noted that environmental factors outlined in any of the evidence were not ‘new ecological factors’ and could not be a basis on which to set aside the existing EIA.
"The Prime Minister has made numerous public statements affirming that there is no legal basis on which to prevent the company from completing and operating the Amulsar Project, and that proceeding with the Amulsar project is in the national interest," added Sellers.
"The Prime Minister has called for the illegal blockaders to open the roads and for access to the Amulsar Project to be restored. Yet the illegal blockades remain."
Amulsar is set to be a large-scale, low-cost mine with gold production targeted to average 225,000 ounces annually over an initial 10-year mine life.
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