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“HALTING THE ACTIVITIES OF RMG IS A SERIOUS ISSUE FOR THE ENTIRE COUNTRY”

Georgian Infrastructural Projects Initiative” organized a presentation in the “Radisson” hotel, showcasing the research “Evaluating Rich Metal Groups’ Social-Economic Results and Influence on Economy.” Economic experts Levan Kalandadze, Irakli Lekvinadze and Nodar Chichinava presented tendencies in the research which reflects today’s issues of gold mining and processing in general as well as matters of export.

As one of the authors of the research, Irakli Lekvinadze said, there are a number of problems for investors pertaining to the company’s full-fledged functioning and its capacity to mine and process gold. “Because of a number of unresolved technical issues from the government’s side, the company “RMG” isn’t able to function fully, and the region as well as the entire state will lose millions of lari from the budget annually. In addition, there’s no need to hide that if today’s situation persists, it’ll create a feasible threat of the 3000 employed people in the company losing their jobs. This is a serious issue not just for the region, but for the country,” stated Irakli Lekvinadze.

Head of the Georgian Infrastructural Projects Initiative, Levan Kalandadze, emphasized that the role and contributions of RMG are quite important for regional, as well as state-wide economic and export matters. Accordingly, the government should take the issue of quickly solving these problems more seriously, problems which on one hand affect the investor, and on the other – the entire field of ore mining and processing as a whole.