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Dundee Precious Metals gets permit for metals exploration in Bulgaria

Dundee Precious Metals gets permit for metals exploration in Bulgaria Author: Mineco. Licence: All rights reserved.

SOFIA (Bulgaria), March 2 (SeeNews) - Bulgaria's government granted on Wednesday a three-year metals exploration permit to Canada-based Dundee Precious Metals (DPM).

The local unit of DPM, which runs a gold and copper mine near Chelopech in western Bulgaria, is set to invest at least 131,150 levs ($73,000/67,000 euro) in metals exploration activities in Kamen Vrah area, near the winter resort of Bansko, in the southwestern part of the country, the government's press office said in a statement.

It will invest a further 4,500 levs in environment protection.

Mineral exploration works in the area will increase the volume of geological information for the territory of Bulgaria, according to the government.

In October 2015, the cabinet granted DPM a three-year permit for metals exploration in Brevene area, near the capital Sofia. The company is expected to invest around $1.2 million (613,500 euro) in the area.

($=0.8981 euro)

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