Bulgaria extends term of Vatia Holding minerals mining concession by 15 yrs
Bulgaria’s government said on Wednesday that it has extended the term of a minerals mining concession for the Ovcharovo deposit held by local Vatia Holding by 15 years.
The extension was requested by the company which considers that the deposit still holds significant resources, the government said following its weekly meeting.
The 20-year concession contract for the Ovcharovo deposit was signed in 2006 but entered into force as of December 1998, when the privatisation contract was signed.
Last year, Vatia Holding halted quartz sand mining from the Pobit Kamak deposit, 25 km east of Sofia, due to protests from people living in nearby villages.
Source: seenews. com
Advertisement
Latest Posts
Popular Post
- Europe, Copper demand under pressure due to Green Deal
- Greenland, Eclipse Metals signs research MoU to help create economic benefit
- Kazakhstan and Canada Explore Cooperation Prospects in Mining and Metallurgy
- Europe, Mining key minerals without destroying nature
- What Are The Major Natural Resources Of Macedonia?
- Who are the main players in the ore exploration business in Serbia
- First Quantum Minerals, Roaring Back to Life thanks to sale of Kevitsa nickel-copper-platinum mine in Finland
- Europe, Cornwall set for lithium mining boom
- Armenia restarts controversial gold mine
- Raptor Resources granted license to prospect for gold in Ireland