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Emerald Mine in Ural

The country?€™s only emerald mine will resume operations soon, officials said Wednesday, five years after the Ural Mountains pit was shut because of money problems.

A Russian-Irish joint venture, Zelen-Kamen, will operate the mine in Malyshevo in the Sverdlovsk region, Interfax cited provincial officials as saying. The report did not say when mining would resume.

Zelen-Kamen took over the license for developing the mine last year from the Russian company Urals Emerald Pits in exchange for assuming Urals Emerald Pits?€™ debts of 18.2 million rubles ($657,000), Russian news reports said.

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