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Calamites re-opens coal mine

Hungary's Calamites re-opened an open-pit coal mine in Nagymányok, in the Mecsek Hills, after a 45-year hiatus.

The mine was ceremoniously re-opened on Saint Barbara's Day -- Saint Barbara is the patron saint of miners -- but extraction will not start until next spring, after Calamites gets a permit for the mine, Calamites managing director József Verbőci told MTI.

Calamites aims to extract an annual 100,000 tons of coal from the mine.

Re-opening the mine will cost €1-1.5 million, an amount Calamites is paying from its own resources, without taking out any loans, said business development director István Kalmár. (MTI – Econews)