Bulgaria’s Mining Output Rises 12% in 2015

Business » INDUSTRY | August 19, 2016, Friday // 08:50| Views: | Comments: 0
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Bulgaria: Bulgaria’s Mining Output Rises 12% in 2015 File photo

Bulgaria’s mining output soared by 12% last year, reaching 112.5 million tonnes, a record rate of increase for the past 10 years, public radio broadcaster BNR has reported, citing data from the Bulgarian Chamber of Mining and Geology.

The biggest increase, 24%, was recorded in industrial minerals mining.

Mining of aggregates and building materials rose by 17% last year, coal output was up 13% and production of metal ores increased by 4%.

However, the combined revenue of the mining companies in Bulgaria dropped by 1.1% to BGN 2.41 B (EUR 1.2 B) due to a fall in the global metal prices that began in 2013. The decline in the value of metal mining output was 6%.

 

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