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Solway will invest up to 50 million euros into the extension of its Macedonian asset Buchim DOO – Radovish in 2019

Publication date:

2018-10-10

Last week Solway’s Macedonian copper and gold mine Buchim DOO – Radovish received the ore extraction permit for the new mine Borov Dol. The new license will extend the life circle of the currently operating mine Buchim for at least 10 more years. During the year 2019, Solway is planning to invest up to 50 million euros in the preparation of the ore body, construction of the 7 km long conveyor belt and other preparatory activities. According to the blue prints, the ore will be arriving from Borov Dol to Buchim’s operational facilities by the conveyor and further processed at the existing flotation plant. The slag will be deposited in the existing hydrofoil.

 

Borov Dol production is scheduled to begin in 2020. With the start of the exploitation, the neighbouring Konce, Stip and a small part of Radovish municipalities will receive compensation from the concession fees Buchim mine pays to the state.