The Belarusian company
The company may also stop developing the Sitnitskoe field and construction of a mining and processing plant.
Granit's actions are caused by a fall in demand for crushed stone in Russia, which is the main export market of the company, as well as by the Russian rouble's devaluation and price dumping practices of Ukrainian producers.
The company plans to expand its range of products with those of higher demand. For instance, rock fines will be produced more.