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Today's paper. Last Updated: 05/24/2012

Emerald Mine in Ural

The Associated Press
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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