Estonia's mineral resources play a vital role in the country's economy, providing employment opportunities and contributing to the national GDP. The government's policies and regulations ensure the sustainable development and utilization of these resources, while companies like Eesti Energia, Kunda Nordic Tsement, and Nordkalk continue to invest in the sector, driving growth and innovation. With the continued support of the government and private sector, Estonia's mineral resources will undoubtedly remain an important driver of the country's economic development for years to come.
The Estonian government has recognized the importance of its mineral resources and has implemented policies to ensure their sustainable development and utilization. The Ministry of Economic Affairs and Communications oversees the country's mineral sector, which includes the issuance of mining licenses, regulation of mining activities, and environmental protection. The government has also established a Mineral Resources Council to advise on the development of the sector and ensure that it benefits the Estonian economy and society as a whole.
The largest companies operating in Estonia's mineral sector are Eesti Energia, Kunda Nordic Tsement, and Nordkalk. Eesti Energia is the largest energy company in Estonia and the world's largest oil shale-to-energy company. The company produces oil shale-based electricity, heat, and liquid fuels. Kunda Nordic Tsement is Estonia's leading cement producer, operating two cement plants in the country. Nordkalk is a Finnish company that operates a limestone quarry in Estonia, producing high-quality limestone products for various industries.
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In recent news, Eesti Energia has announced plans to develop a new oil shale mine in eastern Estonia. The company intends to invest 500 million euros in the project, which is expected to create over 1,500 jobs and significantly increase the country's oil shale production. Kunda Nordic Tsement has also been in the news recently, with plans to expand its cement production capacity by building a new cement plant in Estonia. The company has already secured funding from the European Investment Bank for the project, which is expected to create over 500 jobs.