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Market: TSX
Sector: Gold Mining
Epic: .LYD
News: Latest news
Web Site: Lydian International
Other Articles: 01-03-201018-01-201024-11-2009

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Saturday March 13, 09:47Premium risk at Prudential

Insurance giant Prudential has stolen the headlines this week, after their decision to buy AIA, the Asian life business of US insurer AIG, has attracted a mixed response from shareholders.

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Sunday March 14, 05:46China's growth boosting commodity prices

With chunky economic numbers from China boosting commodity prices we take a brief look at the country's position in different market places - while noting also that hopes for a recovery in global trade appear to be borne out by freight rates.

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Friday March 12, 08:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

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Lydian International

Lydian International

Lydian International Ltd. is a diversified UK mineral exploration and development company, with expertise employing “first mover” strategies in international emerging environments.

Currently the Company is focused on Eastern Europe in the Western Balkans and the Caucasus regions, advancing a pipeline of highly prospective precious and base metal projects. In the Caucasus region Lydian is operating an exploration joint venture with Newmont Overseas Exploration Ltd. a subsidiary of Newmont Mining Corporation.

The Company's two flagship projects are a newly discovered gold project at Armulsar in Armenia, and an advanced zinc, lead, silver and gold project at Drazhnje in Kosovo.

Lydian's two largest share holders are Newmont Mining Corporation and the International Finance Corporation (part of the World Bank Group).

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Wednesday, March 18, 2009

Lydian to get further IFC investment of CDN$1.4 mln

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Mineral exploration and development company Lydian International Ltd said the International Finance Corporation, a member of the World Bank Group, will invest a further CDN$1.42 million in the company in return for shares priced at CDN$0.42 each.

The IFC flagged its intention to make such an investment in January 2009.

Coupled with the recently announced investment of CDN$1.6 million from the European Bank of Reconstruction and Development, this move puts the company in a strong financial position, providing the capital required to advance current projects.

IFC's stake in Lydian will increase to approximately 18 percent.

"The investment will be IFC's fourth investment in Lydian. As an equity partner, IFC has provided Lydian with continued access to finance, influential in-country support, and valuable advice to manage environmental, social and governance risks of our projects", said Tim Coughlin, Lydian's CEO.

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