Armenia will receive 12,5% shares of Lydian Armenia for the company to resume operations, the Ministry of Economy told ARMENPRESS.
Furthermore, the Armenian government will not make any spending.
Minister of Economy Vahan Kerobyan earlier said that a $250,000,000 agreement will be signed with Lydian Armenia, the operator of the Amulsar gold mine, which will restart operations.
Asked whether or not the government is buying $250,000,000 in shares of the company, the ministry said the government is not making any spending. “No, the government isn’t spending anything,” a ministry official told ARMENPRESS.
