Gold Diggers to Look After Bulgarian Environment

Business | September 15, 2004, Wednesday // 00:00| Views: | Comments: 0

Canadian gold miner Dundee Precious Metals that explores the Eastern Rhodopes gold mines pledged to work under the European ecological standards.

Jonathan Goodman, the Company's President and Chief Executive Officer explained that a special report is being prepared about the influence of the company's work on the environment in the region.

The preparation of the report was triggered after people living in Krumovgrad, the city near which the gold beds are located, said that there was considerable risk of pollution.

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 in the end of 2006. Dundee Precious Metals will invest some 45 million US dollars and plans to hire nearly 300 people.

Dundee Precious Metals Inc. is an operating mining company engaged in the acquisition, exploration, development and mining of precious metals. It currently owns the Chelopech Mine, a producing gold/copper mine, and Ada Tepe, a gold exploration property, located in Bulgaria and also holds a portfolio of investments in the precious metals and mineral related sector.
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