Armenia on February 22 signed a trilateral memorandum of understanding for $250 million with Lydian Armenia, which owns the license to operate the mine.
The document was signed with the Eurasian Development Bank and Lydian Armenia CJSC.
Armenia will receive a 12.5% stake in Lydian Armenia for operating the Amulsar gold mine.
Kerobyan said earlier that the document will allow restarting another mine, the obligations on which have existed for a long time.
Lydian company, which operates Amulsar gold mine, donates 12.5% of shares to Armenia government
Lydian Armenia company chief: Construction at Amulsar gold mine project area will begin in 2024
Eurasian Development Bank not made final decision on Armenia’s Amulsar gold mine project funding
Chaarat Gold company discontinues talks for Lydian Armenia purchase
Minister: 'Lydian Armenia' may start exploitation of gold mine on Mountain Amulsar
US envoy to Armenia visits Amulsar gold mine project site (PHOTOS)
