Sustainability

Biodiversity offsetting and other problems of the ESIA of Amulsar gold project in Armenia

Report by Balkani Wildlife Society, Bulgaria, on behalf of Bankwatch.

Biodiversity offsetting and other problems of the ESIA of Amulsar gold project in Armenia front cover of bird

From the introduction

'The Amulsar Gold Project is located in the provinces of Vayots Dzor and Syunik in Southeast Armenia, 6 kilometers from the spa town of Jermuk. The project promoter “Lydian Armenia” has submitted an Environmental and Social Impact Assessment (ESIA) that was approved by the Ministry of Nature Protection (MNP) in mid 2016 and an operation permit was issued. Some Armenian experts argued that the approval of the project was done in violation of Republic of Armenia’s Law on Flora and Law of Fauna as it leads to reduction of the number of red-listed species and also in violation of the Law on Lake Sevan as the catchment basins of Arpa and Vorotan Rivers make up a part of Lake Sevan catchment basin.'

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