Since 28 February, thousands of miners have been holding protests demanding that the state protect the rights of Georgian Manganese employees.
The company previously announced that it wouldn’t resume underground mining, citing ‘unprofitability’ as protests against the company continue.
Locals warn that the company’s choice to carry out open-pit mining poses a bigger environmental risk.
The Eurasian Development Bank previously rejected a loan of $100 million for the mine operation despite a signed memorandum.
Up to 100 miners were dismissed in what the company has claimed is part of a retraining initiative.
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
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
