26.8 C
Belgrade
20/07/2024
Mining News

Bulgaria extends Gorubso-Madan’s concession for Petrovitsa lead and zinc deposit by 15 years

Bulgaria’s caretaker government announced on Wednesday that it has approved a 15-year extension of the concession contract with the local mining company Gorubso-Madan for the Petrovitsa lead and zinc deposit located in the Smolyan region. This decision follows a request from Gorubso-Madan to allow further extraction of the remaining metal ores within the concession area, according to a government statement released after its weekly meeting.

The concession, which involves the extraction of lead and zinc ores, was initially granted in 2001. Gorubso-Madan operates as a subsidiary of the Bulgarian construction company Minstroy Holding. The extension ensures continued mining activities and resource utilization at the Petrovitsa site, reflecting the government’s commitment to supporting the mining industry and sustaining local economic activities in the region.

Supported by

Related posts

Canada Nickel unveils initial resource estimate for Deloro nickel sulphide project

David Lazarevic

Resouro Strategic Metals announces major resource estimate for Brazilian Tiros project, boosting market capitalization

David Lazarevic

Navoi Mining and Metallurgical Combine to invest $1 billion in 11 projects for 2024, boosting gold production in Uzbekistan

David Lazarevic
error: Content is protected !!