Canadian gold driller and miner Dundee Precious Metals Inc. received Monday first-class investment certificate from Bulgarian government
Published:
8 March 2005 y., Tuesday
Canadian gold driller and miner Dundee Precious Metals Inc. received Monday first-class investment certificate from Bulgarian government.
The certificate is issued by the state InvestBulgaria Agency for the planned BGN 124.4 M investments of the Canadian company. Dundee is the second investor in Bulgaria to be awarded with the top certificate after Lindner-Holding Germany was granted the same last year.
A total of 15 applications have been submitted for certficates of first and second class to recognise major investors of respectively BGN 100 M and BGN 50 M projects.
Last week Dundee Precious announced the completion of the resource estimate of its Ada Tepe gold project in Bulgaria for year end 2004 resulting in a 78,000 oz increase in the Measured and Indicated Resources compared to its previously reported estimate announced in October 2004.
The feasibility study confirmed increased measured and indicated gold resources of 835,000 ounces, which will now be incorporated in the calculation of the reserves for the study expected by end March 2005.
Balkan Mineral & Mining AD, a wholly owned subsidiary of Dundee Precious, was awarded the Krumovgrad Licence area in 2000. The Bulgarian project of the company is to start drilling in the end of 2006. Dundee Precious Metals will invest some USD 45 M and plans to hire nearly 300 people.
Šaltinis:
novinite.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Mr. Olli Rehn, European Union Commissioner, and Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), issued the following joint statement on Greece.
more »
The offering of shares of the new issue will commence on 03-05-2010.
more »
The World Bank today approved a $12 million IDA credit to Bhutan, designed to improve infrastructure services in parts of the capital city of Thimphu where no formal services are currently available.
more »
Fisheries ministers and stakeholders alike will be discussing the future shape of the EU's Common Fisheries Policy at two major events in Spain over the next days. On 2 and 3 May, in La Coruña, the Commission and the Spanish Presidency are organising a large stakeholder conference on the reform of the Common Fisheries Policy.
more »
Asia is leading the global recovery and the region’s contribution to global growth will continue to exceed that of other regions in the next two years, the International Monetary Fund (IMF) said today in its latest Regional Economic Outlook (REO) for Asia and the Pacific.
more »
The EBRD is supporting the modernization of the electricity distribution network and the development of renewable energy sources in Poland with a PLN 800 million loan (equivalent to approximately €205 million) to the Energa energy group in order to help the company strengthen its power grid.
more »
At the beginning of the summer this year, Vilnius will become the capital of the Baltic Sea region. On 1-2 June 2010, the city will host the Baltic Sea States Summit and the Baltic Development Forum (BDF) Summit.
more »
Visitors of the World Expo 2010, which will open in the Chinese city of Shanghai on May 1st under the slogan “Better City, Better Life” and will last for 184 days until the end of October, are kindly invited to get into a hot air balloon at the Lithuanian Pavilion.
more »
According to preliminary data, unaudited net loss sustained over the first quarter of the year 2010 by SEB Bank is LTL 59,4 million (EUR 17,2 million) and that by SEB Bank Group is LTL 80,3 million (EUR 23,3 million).
more »
European Globalisation Adjustment fund (EGF) aid must be delivered faster and more simply to unemployed workers hit by the financial crisis or globalisation, concluded the Budgets and Employment committees after evaluating the fund on Wednesday.
more »