Russia: HeidelbergCement to develop Volga limestone deposit

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.

August 4, 2015 Read time: 1 min

674 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.

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Romania to lead European construction recovery

The 2009 downturn hit Romania’s construction industry harder than any other in central Europe: it is likely to lead the recovery. Romania’s construction industry was hit harder than any other in central Europe by the 2009 downturn, but there are signs of optimism. European Union funding is beginning to fall into place alongside major infrastructure plans throughout the country. Just three or four years ago, Romania’s construction industry was doing well: cement use alone reached record levels in 2008 at 600