Chiatura Manganese Mines
Chiatura Management Company announces total suspension of underground mining
Locals warn that the company’s choice to carry out open-pit mining poses a bigger environmental risk.
Environment
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Armenia
Armenian government to provide $150 million loan guarantee for Amulsar gold mine
The Eurasian Development Bank previously rejected a loan of $100 million for the mine operation despite a signed memorandum.
Armenia
Yerevan’s ‘unhealthy’ air provokes harsh reactions from residents
The high rates of air pollution in the Armenian capital remains a hot topic on social media.
Armenia
Eurasian Development Bank rejects loan for Amulsar mine operations
Eurasian Development Bank rejects loan for Amulsar mine operations0:00/3:451× Armenian Economic Minister Gevorg Papoyan stated that discussions are ongoing with commercial banks in Armenia after the Eurasian Development Bank (EDB) rejected a loan to operate the Amulsar gold mine. This has led to speculation that the EDB’s decision was influenced by the results of the environmental assessment it commissioned as part of its final loan decision. Papoyan refrained from commenting on the reasons be
Azerbaijan
Fossil fuel deals raise alarms at Azerbaijan’s COP29 summit
Since being chosen to host the UN’s annual climate summit last year, the oil-rich country has provoked concern among observers and activists over potential conflicts of interest. As details emerge of Azerbaijan’s attempts to use COP29 to promote its oil and gas industries, some worry the legitimacy of the conference could be at risk. On the walk into the sprawling tent complex that hosts COP29, the UN flag whips in the wind next to another featuring the logo of SOCAR — the state-run oil com
Azerbaijan
Azerbaijan and Georgia discuss establishing a green energy pipeline to Europe at COP29
Energy officials from Azerbaijan and Georgia have held talks with their Hungarian and Romanian counterparts regarding a green energy pipeline connecting the South Caucasus and the EU. However, the project faces delays due to a lack of certainty over funding. Meeting on the sidelines of the COP29 summit in Baku, ministers from the four countries discussed their intention to lay hundreds of kilometres of fibre optic cable under the Black Sea for a project they say will promote both green transit
Chiatura Manganese Mines
Georgian Manganese to stop work at Chiatura mines and ferroalloy plant
The Zestaponi Ferroalloy Plant and all manganese mines in Chiatura, both owned by the mining company Georgian Manganese, have temporarily stopped work until 1 March 2025. On Thursday, Georgian Manganese published a statement saying that until 1 March, a temporary management regime would operate at the Zestaponi Ferroalloy Plant. The plant is Georgia’s largest silicomanganese processing plant. Georgian Manganese is the largest mining and ferroalloy manufacturing company in Georgia, where
