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Bulgaria
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Bulgaria's Golden Beach Prima BG Gets 35-yr Gold/Silver Ore Mining Concession

Oct 5, 2011, 5:17:23 PMArticle by Dessislava Dimitrova
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October 5 (SeeNews) - Bulgaria's Golden Beach Prima BG has received a 35-year gold and silver ore mining concession, the government in Sofia said on Wednesday.

Bulgaria's Golden Beach Prima BG Gets 35-yr Gold/Silver Ore Mining Concession

Under the concession, the company will invest over 2.8 million levs ($1.9 million/1.4 million euro) in a mine near Radomir, in southwestern Bulgaria, the government said in a statement following its regular weekly sitting.

The concessionaire has pledged to invest an additional 2.0 million levs in new machinery in the 13th and in the 23rd year of the concession arrangement.

The average annual ore output is seen at 35,000 tonnes.

(1 euro=1.95583 Bulgarian levs)

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