Bulgarians Protests Against Gold Digging

Politics | September 17, 2004, Friday // 00:00| Views: | Comments: 0

Many Bulgarians from the southern city of Krumovgrad launched protests against the starting exploration of gold beds located in the mountain near the city.

The people in the town say that there is a considerable risk of pollution that would be caused by the exploration.

Earlier in the week 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.

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.
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