North Macedonian company Tajmiste gets two concession deals terminated by the Government

Tajmiste is a North Macedonia’s company active in the mining, hospitality and metal products industries.

The company said that the North Macedonia’s government has terminated the concession agreements for iron ore exploitation at the Tajmiste site and for the exploitation of mineral resources – dolomites and dolomite limestones at the Bigor Dolenci site.

The concession contracts were terminated because the concessionaire failed to pay the concession fee, local business website Faktor reported. It is still unclear whether the government will seek a new investor for the sites. The concession deals for the two sites were signed in 2014.

Source: seenews.com