May 31 (SeeNews) - Bulgaria's caretaker government said on Wednesday that local mining company Riolitis will be the new concessionaire of the Madlen marl and limestone deposit near Lovech.
The transfer of rights and obligations is being made at the request of the previous concessionaire, Hidrobeton, the government said in a statement following its weekly meeting.
The government will also propose to Riolitis a revision of the concession contract, updating clauses related to term extension, concessionaire responsibility and contract execution oversight per current regulations.
The concession contract was first granted in September 2014 for a period of 35 years. It covers the extraction of marl and limestone, which are used in construction.