Zelen Kamen’s license expires on June 2, 2008

The Federal Subsoil Resources Agency (Rosnedra) informed the Minister of Natural Resources and the Environment Yuri Trutnev that a number of enterprises dealing in subsoil resource development were going to lose their licenses.

For instance, Zelen Kamen’s license allowing it to develop emerald and beryllium Malyshevskoye deposit, Sverdlovsk Region, expires on June 2, 2008. This results from the inspection conducted by Ural Federal District’s division of Rosprirodnadzor (the state environmental watchdog) in the fall of 2007. It was detected that Zelen Kamen failed to meet Rosnedra’s demands imposed in July 2007.

The enterprise was unable to restore its underground mine in time or to achieve the projected emerald ore output. Besides, Zelen Kamen failed to meet its target production figures for 2007, while the emeralds from the dumping site are not processed in accordance with the legal regulations.

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