Solway Celebrates the 40th Anniversary of the Bucim Radovish Mine and 15 Years of Operations in North Macedonia

MINEX Forum | September 1, 2019
img0 Solway Investment Group celebrates 15 years of transformation at the Bucim DOO Radovish in North Macedonia. It was 2005 when Solway first invested in Macedonian assets by purchasing Bucim Mine – the only operating copper mine in North Macedonia that was idle and bankrupt. No doubt these were tests of Solway’s ability to take a risk and ...

Macedonia: Euromax assures that it will not use cyanide and sulfuric acid

MINEX Forum | November 21, 2018
img0 Euromax Resources, the concessionaire of the Ilovica Štuk mine, presented the economic benefits and environmental and health measures as part of the mine project to some 200 inhabitants of the municipalities of Bosilevo and Novo Selo. Euromax continues to hold informative meetings with the inhabitants of the two municipalities in order to reach an agreement ...

Macedonia: There is no decision about Ilovica without harmonizing the views of all stakeholders

MINEX Forum | November 19, 2018
img0 Macedonian Government spokesman, Mile Bošnjakovski, said that the decision about the Ilovica mine would not be adopted until the views of all stakeholders have been aligned. Responding to a journalist’s question after a regular press conference of the Government, Bošnjakovski stressed that the government would not do anything to the detriment of citizens. “The Government ...

Grassroots Resistance to Mining in Macedonia

MINEX Forum | August 7, 2018
img0 “For fifteen years now my family and I have been investing in organic agriculture, working the land together with my children to build a better life for them in our homeland,” says Dimche Baleski, an organic producer from the municipality of Valandovo, during a public debate on proposed amendments to the Law on Minerals held ...

CALM enters Macedonia for $402.5 million

David McHutchon | September 22, 2017
img0 Central Asia Metals plc (AIM: CAML)announced that it has conditionally agreed to purchase a 100 per cent. interest in Lynx Resources Limited (“Lynx”), the owner of the SASA zinc-lead mine in Macedonia, from Orion Co-Investments III L.P. (“Orion”) and Fusion Capital AG for $402.5 million (the “Consideration”). Highlights Transformational transaction for CAML, creating an AIM ...

Lynx Resources closes USD 75 million debt financing for the SASA Mine

Chris James | November 14, 2016
img0 HAMILTON, Bermuda, Oct. 28th, 2016 – Lynx Resources Ltd. (“Lynx Resources”) is pleased to announce the closing of a 7 year, USD 75 million debt facility, with an interest rate of LIBOR + 5%, for the SASA lead-zinc mine in Macedonia (“the Financing”). Societe Generale Corporate & Investment Banking (“SG CIB”) and Investec Bank plc ...