In 2012, Balaklava Mine Group curtailed its actual marketable output by 5% or 143,000 tonnes, down to 2.82 million tonnes, against the plan. That said, the sales of products amounted to 2.74 million tonnes. Over the same period, the company moved more than 950,000 tonnes of rock in preparing the area for the Balaklava Green project.

In 2012, the company carried on implementation of its plan made jointly with Smart-Nerudprom Company for development of the Balaklava Mine Group and its conversion from mining and processing business into a recreational area. Thus, in 2012 the company moved more than 950,000 tonnes of rock. In total, more than 2 million tonnes of rock were moved in 2011 and 2012 in preparing the area for the Balaklava Green project.

‘Despite the complicated situation in the industry in 2012, the Balaklava Mine Group continues optimization and improvement process for efficient market product manufacture as part of its core production performance. Besides, successful work goes on for the long-term development of the enterprise as a recreational center,’ said Valeriy Nemchenko, Chairman of the Management Board of the Balaklava Mine Group commenting on the results of 2012.

In December 2012, the Sevastopol City Council approved the city spatial planning documents of the Balaklava District and Gasfort Mountain area providing for creation of the national multifunctional year-round resort Balaklava Green in the territory of the Balaklava Mine Group.

Reference

Balaklava Mine Group (Joint-Stock Company) is one of the backbone enterprises of Sevastopol making a significant contribution into its social and economic development. The Mine Group produces metallurgical limestone, crushed-stone and sand material, quarry stone.

Balaklava Green Project. In January 2011, the project was included into Sevastopol Economic and Social Development Program. On 26 December 2012, the Sevastopol City Council approved the city spatial planning documents ‘Detailed Layout Plan of Balaklava District in Sevastopol’ and ‘Detailed Layout Plan of Gasfort Mountain Area’, including the Balaklava Green recreational project.

Smart-Nerudprom Company is a leading supplier of high-quality limestone and granite macadam to the market of Ukraine. The company was established in 2008 and operates in the field of mining non-metal and construction materials. It engages in marketing, investment, long-term business planning and production efficiency improvement, as well as in sales of products made by enterprises of non-metal industry:

- A.M. Gorkiy Balaklava Mine Group;

- Yevpatoria Construction Materials Plant;

- Saki Construction Materials Plant;

- Zaporozhnerudprom Company.