Home / Business / Borjomi Pays 1.1 million GEL for Zanavi Mineral Water Exploration-Mining License

Borjomi Pays 1.1 million GEL for Zanavi Mineral Water Exploration-Mining License

The 25-year license for Zanavi mineral water exploration-extraction was sold for 1.1 million GEL. Wells N39, N143 and N144 nearby the village of Zanavi had been put out for auction and the starting price was 1 million GEL.

The auction was held on April 15. The license was bought by LLC ADS Borjomi Beverage Company.

The Natural Resources Agency of Ministry of Economy explains that, under the license terms, the winner company is obliged to invest at least 10 million GEL within 5 years for botting the mineral water and employ at least 50 citizens of Georgia.