Lead-zinc mine Gradir Montenegro launches exports to Poland, Austria.

By bne IntelliNews September 3, 2010
The Pljevlja-based lead-zinc mine Gradir Montenegro (former Suplja Stijena) is to soon launch ore exports to Poland and Austria in line with already signed contracts, local media reported, quoting company officials. As recalled, the company recently relaunched production activities. In August 2006, Slovenian Gradir bought the insolvent lead-zinc mine for EUR 401,000, pledging additional investments of EUR 19mn in 5 years. The mine halted production in 2000 and entered insolvency procedures. Exploitation reserves of the mine were estimated to approximately 18mn tonnes and the total geological reserves - at 90mn tonnes. According to previous information, the annual production at the mine, currently employing some 80 workers, is to reach 1mn tonnes and the bulk of it is to be exported.

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