Euromax will file complaint on the court decision to halt its Ilovitza gold mine project in North Macedonia
Euromax Resources Ltd, has received a notification from the Ministry of Economy of the Republic of North Macedonia that the State Commission for Acting Upon Administrative and Employment proceedings in the Second Instance has rejected the Company’s appeal against the Ministry of Economy’s Rejection Resolution, as outlined in the Company’s press release dated 12th July 2019. The notification concerns the Company’s Ilovica 6 concession and the Ilovica 11 concession remains unaffected.
The notification allows for the Company to appeal the State Commission’s decision within 30 days via the Administrative Court of North Macedonia. Based on a strong legal case the Company intends to submit an appeal. Other legal avenues, including International Arbitration, remain open and these will be persued as appropriate.
Euromax Resources looks forward to resolving the situation with all relevant Government Institutions in accordance with the Minerals and Administrative Laws of North Macedonia.
- Tara Mines bids to extract last of Bula resource and end long-running saga
- Newmont is expanding its business to Europe
- Leading Edge hits significant lithium, tantalum in Sweden
- New Bulgaria plant for casting of iron and steel
- Who are the main players in the ore exploration business in Serbia
- How valuable is Kosovo’s mineral wealth?
- Political influence on Kyrgyz gold mining
- Pan Global gets access to Torrubia copper target in Spain
- Central Asia Metals to buy Lynx Resources for $402.5m, including Macedonia lead zinc mine Sasa
- Adriatic Metals’ Veovaca project in Bosnia received exploitation permit