May 8 (SeeNews) - Bulgaria's government said on Wednesday that it has extended by five years the term of the concession held by local Lucky Invest for the Dzhurkovo deposit, in the Plovdiv province.
Lucky Invest was awarded a nine-year concession for the mine in 2000, which was later extended by ten years, the government said in a statement following its weekly meeting.
Further changes will also be made to the concession contract in order to bring it in line with the country's current legal framework.
Lucky Invest bagged a consolidated net profit of 12.1 million levs ($6.9 million/6.2 million euro) in 2017 on revenue of 36.2 million levs, according to its latest available annual financial statement.
The company's largest shareholder at the end of 2017 was local KCM 2000, which controlled a 48.81% stake.
(1 euro = 1.95583 levs)