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

Last week Solway’s Macedonian copper and gold mine Bucim 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 Bucim 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 Bucim’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 Bucim mine pays to the state.