Asarel Investment Gets Metallic Mineral Prospecting Permit for Borimechkovo

Business | August 27, 2014, Wednesday // 16:15|  views

Photo by BGNES

Bulgaria's caretaker government has approved the issuance of a metallic mineral prospecting permit at the Borimechkovo terrain.

The permit will be granted to Asarel-Exploration EAD, the investment arm of leading copper ore mining and processing company Asarel-Medet, for a period of three years, according to reports of

The company is to invest nearly BGN 1.9 M in exploration activities at the site, which is near the municipalities of Panagyurishte, Pazardzhik and Lesichovo.

The company is also to spend BGN 120 000 on environmental protection measures.

The issuance of the permit is to result in job creation, as well as to boost Bulgaria's potential to produce raw materials.

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Tags: exploration, exploration rights, caretaker government, Asarel Medet


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