KCM 2000’s mining unit in Bulgaria, Lucky Invest, has requested the government to extend the concession agreement for lead-zinc ore extraction at the Govedarnika deposit in the Plovdiv region.
The company has demanded an extension stating the mine still has significant resources. The government had granted a work permit to Lucky Invest in 2000.
Lucky Invest is a local mining unit of KCM 2000, a major stakeholder in the extraction and processing of lead-zinc ore. The company sells 100pc of the production of lead and zinc concentrates to the domestic market.
Bulgari Prime Minister Boyko Borissov took to social media announcing that he has promised to grant the requested extension for the next 10 years.