Canadian 'dundee' Invests In Bulgarian Gold Mine

Bulgarian state and Canadian mining company 'Dundee Precious Metals' agreed to establish a common concession about ‘Chelopech' gold mine exploitation and a public -private partnership for the construction and exploitation of new modern hydro metallurgic installation for production of gold and copper.

Bulgarian state will hold 25% of the shares, as the dividends of Bulgarian state will be passed directly to the pension system. That's how, the so called, Silver Fund of Bulgaria will be filled with 700 million in the next 10 years.

Dundee guarantees investment of over 155 million USD.

Bulgarian Premier pointed out, Bulgaria will make anything possible to realize the investment and that the state insists the project's realization to happen in full correspondence with all standards for environment protection. international.ibox.bg