Dundee Gets Preliminary Approval for Bulgaria Mine Development

16 September 2009 (Last Updated September 16th, 2009 18:30)

Canadian miner Dundee Precious Metals (DPM) has received environmental approval to build a metal processing unit at its Chelopech Mine in Bulgaria. DPM's Bulgarian subsidiary Chelopech Mining EAD has received the integrated pollution prevention and control (IPPC) permit for the facility

Canadian miner Dundee Precious Metals (DPM) has received environmental approval to build a metal processing unit at its Chelopech Mine in Bulgaria.

DPM's Bulgarian subsidiary Chelopech Mining EAD has received the integrated pollution prevention and control (IPPC) permit for the facility, which is part of an expansion project at the mine.

DPM's president and CEO Jonathan Goodman said that the permit was critical to the success of the expansion project.

"We are extremely pleased by the positive action taken by the new prime minister and the Ministry of Environment and Waters in Bulgaria in resolving these matters which clearly illustrate their commitment to advancing business interests and the economy of Bulgaria," Goodman said.

The IPPC and the Seveso (working with hazardous substances) permits are prerequisites for obtaining the construction permit for the metal processing facility.

The Seveso application is being processed and is likely to be issued by the end of the year, Dundee said.

The processing facility will incorporate pressure oxidation, solvent extraction and carbon in leach cyanidation to treat the copper / gold concentrate.

Chelopech Mine is expected to produce 139,568oz of gold doré and 47.9 million pounds of copper metal from 2012 to 2018.