Asarel Investment Gets Metallic Mineral Prospecting Permit for Borimechkovo

Business | August 27, 2014, Wednesday // 16:15
Bulgaria: Asarel Investment Gets Metallic Mineral Prospecting Permit for Borimechkovo Photo by BGNES

Bulgaria's caretaker government has approved the issuance of a metallic mineral prospecting permit at the Borimechkovo terrain.

The permit will be granted to Asarel-Exploration EAD, the investment arm of leading copper ore mining and processing company Asarel-Medet, for a period of three years, according to reports of money.bg.

The company is to invest nearly BGN 1.9 M in exploration activities at the site, which is near the municipalities of Panagyurishte, Pazardzhik and Lesichovo.

The company is also to spend BGN 120 000 on environmental protection measures.

The issuance of the permit is to result in job creation, as well as to boost Bulgaria's potential to produce raw materials.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article
Tags: exploration, exploration rights, caretaker government, Asarel Medet

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria