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Borun Mining

The company Borun Mining is a new established entity in the group. The main business of the company is mining operations, exploration and export of Kaolin clay. Borun owns 10 year license for the quarry in Tkibuli region, Georgia. Currently there are ongoing operations for ore reserve recalculation, valuation, upgrading and transforming into ,,JORC” standards (Using Datamine system). From second part of 2010 should be started actual mining operations, afterwards raw material has to be exported in EU.