HeidelbergCement Rus has won the right to develop a 37.5km² plot on the Novo-Shikhanskaya area in the Volga region of Russia.
It is reported that according to the Geolnerud Central Research Institute, the limestone resources for the cement industry on the area amount to 168 million tonnes.
The contract is reported to cost RUB 966,000 (€14,284/US$15,677) with an initial payment of RUB 805,000.
The licence in valid for 25 years.
It is reported that according to the Geolnerud Central Research Institute, the limestone resources for the cement industry on the area amount to 168 million tonnes.
The contract is reported to cost RUB 966,000 (€14,284/US$15,677) with an initial payment of RUB 805,000.
The licence in valid for 25 years.
