29.8 C
Supported byspot_img

Bulgarian copper smelter Asarel-Medet completes 30.5 mln euro

Member of Europium Groupspot_img
Supported byspot_img

Bulgarian copper mining company Asarel-Medet, majority-owned by Austria’s VA Intertrading, completed three investment projects worth 60 million levs at its Panaguyrishte smelter in the central part of the country, the energy ministry said on Monday.
The company built a new cyclical-assembly production line for ore transportation, purchased new ore equipment and has modernised the flotation unit of the plant, the ministry said in a press release. The projects will reduce transport and electricity costs, cut carbon emissions from the vehicles used for transportation, as well as energy costs and copper concentrate production costs.
In February 2014, the Bulgarian government extended by 15 years Asarel Medet’s copper mining concession.
Asarel Medet was set up in 1991 and is based in Panagyurishte, in Southern Bulgaria. In June 1999 the company was acquired by Asarel-Invest – a joint stock company, majority owned by VA Copper Invest – a subsidiary of Austria’s VA Intertrading.

source: seenews.com

Supported byElevatePR Digital

Related News

Coal India expands into graphite mining with new license

Coal India Limited (CIL) is diversifying its operations beyond coal for the first time by entering the graphite mining sector. The Ministry of Mines...

Latin America’s chance to redefine mining and drive the global energy transition

Latin America's tumultuous relationship with mining dates back to the conquistadors' plundering of gold and silver for the Spanish crown. Following independence, the arrival...

U.S. faces critical mineral supply challenges: Urgent policy reforms required for energy security

The global shift towards electrified economies is redefining energy security, as the demand for essential metals like lithium, graphite, copper and rare earth minerals...

Cornish Metals finalizes $4.5 million royalty sale to focus on South Crofty tin project in UK

Cornish Metals Inc., a mineral exploration and development company focused on its 100% owned and permitted South Crofty tin project in Cornwall, UK, has...
Supported by
Supported by
Supported by
error: Content is protected !!