| History |
It is confirmed from various archeological studies that Bolnisi region was an ancient centre of precious metal mining, especially gold and copper.
4000 B.C. - XIX
• 4000 - 3000 B.C. - Madneuli deposit is a main source of metal mining in Bolnisi region.
• 2000 - 1000 B.C. - Ferrous metals exploration and extraction started in Bolnisi.
• XVII - XIX - Intensive geological works have been performed in order to discover new deposits in the area.
• XVII - XIX - Intensive geological works have been performed in order to discover new deposits in the area.
1940-1975
• Mid 40’s - Fundamental exploration works started in Bolnisi Region.
• 1956 - Approval for the plant construction for the Madneuli deposit.
• 1975 - Processing plant started, first copper concentrate produced.
• High gold grade ore was exported to Armenia and Russia for further processing.
1990-1997
• 1994 - Madneuli was established as a joint stock company held by Georgian State.
• 1997 - Australian-Georgian joint venture LTD Quartzite was founded.
• 1997- 2005 – 30.6 mln tonnes of ore processed.
2005 - Present
• 2005- Privatization tender announced for Jsc Madneuli's 97.25% shares. Tender was won by
"Stanton Equities Corporation" (GeoProMining).
• 2006 - Madneuli contributed 8% of Georgian Exports.
• 2004 - 2007 - Substantial increase in production rates and efficiencies due to production process
optimization.
• Mid 40’s - Fundamental exploration works started in Bolnisi Region.
• 1956 - Approval for the plant construction for the Madneuli deposit.
• 1975 - Processing plant started, first copper concentrate produced.
• High gold grade ore was exported to Armenia and Russia for further processing.
1990-1997
• 1994 - Madneuli was established as a joint stock company held by Georgian State.
• 1997 - Australian-Georgian joint venture LTD Quartzite was founded.
• 1997- 2005 – 30.6 mln tonnes of ore processed.
2005 - Present
• 2005- Privatization tender announced for Jsc Madneuli's 97.25% shares. Tender was won by
"Stanton Equities Corporation" (GeoProMining).
• 2006 - Madneuli contributed 8% of Georgian Exports.
• 2004 - 2007 - Substantial increase in production rates and efficiencies due to production process
optimization.
• Jsc Madneuli currently is the leading mining company in Georgia, important player for Georgian
economy.
Historical Production
economy.
Historical Production
|
|
|
2004 |
2005 |
2006 |
|
|
tonnes |
1,751,063 |
1,740,508 |
1,803,705 |
|
|
tonnes |
1,801,800 |
1,735,927 |
1,758,605 |
|
Copper
concentrate produced |
tonnes |
61,895 |
52,905 |
47,797 |
|
Copper cement produced |
tonnes |
349 |
473 |
584 |
|
Copper produced |
tonnes |
11,809 |
9,548 |
9,274 |
|
Gold produced |
ounces |
29,357 |
26,105 |
30,310 |
|
|
|
|
|
|
PRESS ROOM
2009-02-05 05:06:05
February 5, 2009, Giorgi Devadze was named as the General Director of JSC Madneuli.
2008-09-17 05:06:05
Great rock singer Bryan Adams sang for peace in Tbilisi on 19 September, 2008. Madneuli, Quartzite, Georpomining Group sponsored this charity event.
2008-07-20 04:06:05
Well known website for miners The mineweb.com released apology letter saying that recent allegations against JSC Madneuli posted on mineweb.com are untrue.
Well known website for miners The mineweb.com released apology letter saying that recent allegations against JSC Madneuli posted on mineweb.com are untrue.
