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Market: TSX
Sector: Gold Mining
Epic: LYD
News: Latest news
Web Site: Lydian International
Other Articles: 17-08-201010-08-201004-08-2010

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Lydian International

Lydian International

Lydian International Ltd. is a mineral exploration and development company, with expertise employing “first mover” strategies in emerging environments. The probability of discovering large, world-class projects is higher in prospective, newly emergent and transitional environments. Lydian is positioned to leverage and manage emerging environment exploration opportunities. Currently the company is focused on Eastern Europe. Lydian has developed a diversified portfolio of highly prospective precious and base metal projects at the early and advanced exploration development stage. Lydian’s flagship projects include a gold project at Amulsar in Armenia, and a zinc-lead-silver-gold at Drazhnje in Kosovo. The Company is also focused on its pipeline of new gold and base metal projects.

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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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