Around Sk500 million (€15.1 million) will be spent cutting out a 4,200-metre-long gallery to reach one of the world's largest deposits of soapstone near the village of Gemerská Poloma in the Košice Region, VSK Mining said on July 13.
According to the investor, its contractor Skanska BS, which began work in November 2006, has so far cut out 300 metres of the gallery, and hopes to complete the work in February 2009.
Geological research has revealed that the deposit contains millions of tonnes of pure soapstone - a raw material for the pharmaceutical, chemical, cosmetics and paper industries. Mining is expected to begin in three years, with dozens of new jobs created.
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
17. Jul 2007 at 7:00