25.7 C
Supported byspot_img

Dundee expands exploration assets in Bulgaria

Member of Europium Groupspot_img
Supported byspot_img

Dundee’s subsidiary in Bulgaria obtained the exploration permit for exploration and geological survey of two new locations.

The Bulgarian government has allowed a subsidiary of Canada-based Dundee Precious Metals to explore a field in Bansko municipality, Southwestern Bulgaria, for metallic minerals.

Dundee Precious Metals Krumovgrad will now be able to explore the fields near the villages of Gostun and Osenovo for a period of three years, investing a minimum of BGN 131 150 (more than BGN 65 000) in geological surveys, the cabinet’s press office said after a ministerial meeting on Wednesday.

Supported by

Dundee will also invest BGN 4500 in activities to preserve the environment.

The cabinet is quoted as saying at its meeting that the step will allow the increase in the volume of geological information about Bulgaria’s territory.

Source: Novinite

Supported byElevatePR Digital

Related News

Ukraine’s strategic importance in global critical raw material supply chains amid geopolitical dynamics

Ukraine's role in global supply chains for critical raw materials is increasingly pivotal amidst ongoing geopolitical challenges. These include the Russian invasion of Ukraine,...

Nornickel in talks with China Copper for copper smelting venture in China

Russian mining giant Nornickel is reportedly in discussions with China Copper to establish a smelting facility in China. This joint venture aims to relocate...

Pan Asia Metals secures option agreement for RK Lithium Prospect in Thailand

Pan Asia Metals Limited has taken a significant step forward by securing an exclusive option agreement for the RK Lithium Prospect in Thailand. This...

Critical Metals partners with Obeikan Group to build lithium hydroxide plant in Saudi Arabia

Mining company Critical Metals has finalized a joint venture (JV) agreement with the Obeikan Group to establish a lithium hydroxide processing plant in Saudi...
Supported by
Supported by
Supported by
error: Content is protected !!