Georgia: The government has raised the mineral extraction limit for Georgian 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, according to Business Media Georgia. In return for the additional 287,630m3 of extraction, Georgian Cement must pay US$148m to the state budget within the designated period.
Georgian Cement, formerly HeidelbergCement Georgia, rebranded as "New Honeywell Cement" in August 2024 following its acquisition by Honeywell Partners. The company previously operated under the Heidelberg Materials brand, which held a 45% stake before the buyout.
