The Official Karelia
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Social and Economic development of the Republic of Karelia in 2010

  Modernization of the Economy

    Investment
    and Construction


    Small And Medium
    Enterprises


    Industrial Policy

    Industrial Policy

    Forest Resources

    Mining Industry

    Industry

    Energy Complex

    Agroindustrial Complex

    Services

    Natural Resources
    and Ecology


  Cooperation

  Public
  Administration


Mining Industry

In mining industry modernization operating and commissioning of new opencast mines in Suojärvi, Pitkäranta, Prionezhsky and Kondopoga regions continued.

Despite of recession of volumes of construction in the country, 30 investment projects of extraction of building stone for road metal production were under implementation at different paces in 2010 in Karelia .

In the second six months of 2010 there has been concluded an Investment Agreement with Muezersky Granite Ltd. according to which the enterprise will be granted profit and property tax remissions.

A meeting with the management of Karelsky Okatysh (Iron-Ore Pellets) Inc. and Administration Kostomuksha urban district concerning performance of the tripartite Agreement on social and economic partnership took place In September, 2010. On results of 2010 production of iron-ore pellets at Karelsky Okatysh Inc. has made 9,8 million tons, or 115% to the level of 2009.

In order to expand development of mineral resources base of the republic and arrange favorable conditions for the interested business the Government of the Republic of Karelia together with the Association of Miners of Karelia in December, 2010 have held the international exhibition Karelian Stone - 2010 and the IV Congress of Miners the Republic of Kareliain in which more than 50 organizations participated.

To provide openness and equal access in distribution of bowels the information on the unallotted fund and operating licenses to use bowels is constantly published on the Republic of Karelia's Official Internet Portal.

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Created: May 23, 2010. Last updated: June 10, 2010.
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