EBRD Ends Investment In Controversial Armenia Gold Mine

European Bank for Reconstruction and Development (EBRD) investment in a controversial $400m gold mine in is to end, a new assessment by the bank’s complaint body states. The London-based development bank has funded exploration, drilling and feasibility studies and environmental and social mitigation measures by Lydian since 2009, and has been targeted with criticism by civil society groups over its support for the company.

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