May 11 (SeeNews) - North Macedonia's Tajmiste [MSE:TAJM], a company active in the mining, hospitality and metal products industries, said that the government has terminated its concession agreements for two mining sites in the municipality of Kicevo.
North Macedonia's government has terminated the concession agreements for iron ore exploitation at the Tajmiste site and for the exploitation of mineral resources - dolomites and dolomite limestones at the Bigor Dolenci site, the company said in a stock exchange filing on Friday.
The concession contracts were terminated because the concessionaire failed to pay the concession fee, local business website Faktor reported last week.
It is still unclear whether the government will seek a new investor for the sites.
The concession deals for the two sites were signed in 2014.