LYD meaning in Business ?

Answer: What is Lydian International Limited mean?

Lydian International Limited is a multinational corporation with gold mining interests in Armenia and Georgia. Founded in 2005 the company is registered in the British Crown dependency of Jersey but headquartered in Greenwood Village, Colorado, United States. While it was formerly listed on the Toronto Stock Exchange, it was delisted in February 2020 as it sought creditor protection. Lydian International's major shareholders and lenders are the Resource Capital Funds (RCF Management LLC), Orion Resource Partners, Franklin Advisers of the Franklin Templeton Investments, the European Bank for Reconstruction and Development (EBRD), the state-owned Swedish Export Credit Corporation and others. Its ongoing active development is the Amulsar Gold Project located in south-central Armenia and 100% owned by Lydian International.

In 2011, the company was issued a permit for prospecting and development of another gold site, Kela (Qela) in neighboring Georgia, the administrative area of Zoti Village, Chokhatauri. According to Lydian International the Kela project at the present time "does not comprise a material aspect of the Corporation’s business operations."

reference

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