EFE drilling discovers amber near Słupsk
12:12
The company European Fund for Energy – Discovery (EFE) stated on Tuesday that it has found significant deposits of amber in a town located near Słupsk, and that it will expand the drilling operation in order to prepare for export of the stone to markets in China and Israel. It found the deposits while drilling land in Możdżanowie.
As reported, the next step for the company will be to submit an application for a license for production. “We are currently working on the development of the appropriate documentation. According to the plan, production should start in the first half of 2017. EFE’s board is already in talks on extending the current mine pit area in connection with the fact that reserves are estimated to be 20 metric tons,” the press statement read.
“We have confidence that the investment will soon begin to pay [off] quickly. Soon [we] will begin production, which, thanks to our Chinese partner, allows optimism for future revenues. Therefore, we want to enlarge our area of investment,” said Paweł Kulczyk, president of EFE.
In September of 2016, Chinese company Guangxi WuzhouQuanLi, invested PLN 12.8 million in EFE. The company claimed that geological studies have confirmed that Możdżanowskie deposits are rich in high-quality milk amber color, a type of amber very popular in China, according to the release.
