Used since ancient Egypt for its medicinal properties, copper came into use in the modern times during the 20th century with the development of electricity. Nowadays, copper, due to its hyper-conductivity, is the base material for electrical transmission. This is how copper became the ally of the green transport revolution.
Georgian Mining Corporation (LON:GEO) has 50% ownership and operational control of the Bolnisi Copper and Gold Project in Georgia, situated on the prolific Tethyan Belt, a well-known geological region and host to many high-grade copper-gold deposits and producing mines. The Bolnisi concession covers an area of over 860 sq km and has a 30-year mining licence with a variety of targets and projects ranging from greenfield exploration / target definition phase through intermediate target-testing phases to more advanced projects including Kvemo Bolnisi East which will advance to Feasibility Study in 2018. These projects are proximal to existing mining operations owned by the Company’s joint venture partner, and their sister production company. Georgia has an established mining code and is a jurisdiction open to foreign direct investment.