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Kysuca - geological survey and calculation of reserves
In April 2013 the CEMEX Group entered the Slovak market and through CEMEX Aggregates Slovakia s.r.o. it began to operate three quarries located in Beluša, Jablonové a Lopušné-Pažite. In connection with the acquisition of the deposits and with planning the further activities of the quarries the need for a re-evaluation of the resource base and of the related work in the area of the mining design arose. On the basis of a tender offer, G E T Ltd. was selected by the investor to be the contractor for the requisite geological work. A final report was prepared in regard to each of the deposits, including the calculations of the reserves and fulfilling all the necessary requirements pursuant to the applicable legislation of the Slovak Republic. All of these final reports, subsequent to their approval by the Ministry of the Environment of the Slovak Republic in January 2016, have become binding documents in regard to the recording of the mineral reserves.