Georgia: The government has raised the mineral extraction limit for Kartuli Cement, amending the company’s mining license under a decree issued on 28 February 2025. The revised limit now allows for the extraction of 718,415m3 of sand and gravel from the Lezhbadin mineral deposit in Khanji-Gazlo, Marneuli Municipality, until the license expires on 24 October 2025. In return for the additional 287,630m3 of extraction, Kartuli Cement paid US$151,000.
Kartuli Cement formerly operated as HeidelbergCement Georgia, and rebranded as 'Hunnewell Cement' in August 2024 following its acquisition by the Georgian Co-Investment Fund and Hunnewell Partners.
