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.
Latest Posts
- Serbia, The real plans of the Jadar project
- Eurasian Resources Group highly commends the publication of the Critical Raw Materials Act
- Rio Tinto has spent more than a million euros on land in Serbia at the proposed site of a lithium mine that was eventually cancelled a year ago
- A new grievance mechanism for Chinese overseas mining needs to be free to use
- Europe revives mining to reduce dependence on the import of key raw materials, supply from Serbia as competitive choice
Popular Post
- Serbia, The real plans of the Jadar project
- Avala Resources shareholders invited to approve transaction with Dundee, copper-gold projects in Serbia
- Canadian mining companies in Europe & ISDS
- Europe revives mining to reduce dependence on the import of key raw materials, supply from Serbia as competitive choice
- How valuable is Kosovo’s mineral wealth?
- Rosia Montana in Romania, UNESCO protection and value of civic action
- A new grievance mechanism for Chinese overseas mining needs to be free to use
- What Are The Major Natural Resources Of Macedonia?
- Eurasian Resources Group highly commends the publication of the Critical Raw Materials Act
- Montenegro, Tara Resources invested EURM 25 in the Brskovo zinc mine