Sat, Feb 11 2012
Photo: Julia Lazarova
According to DPM estimates, the field contains about 25 tons of gold, while mining is expected take up eight to 10 years.
Canadian Dundee Precious Metals (DPM) has decided to draw a $66.75 million loan from the European Bank for Reconstruction and Development (EBRD) to support its investments in Bulgaria and refinance its existing loan with the lender, DPM said on December 3 2010.
Dundee's proposed facility in Bulgaria prompted strong opposition from environmentalist groups, which criticised the company's plans to use cyanide to extract the gold.
Chelopech Mining denied allegations of poluting the drinking water in the village of Chelopech and said the water reservoirs are safe. Allegations of cyanide poisoning had been the cause of a demonstration on January 20 by Cyanide Free Bulgaria.
The tailings pond of Chelopech mine is safe as there were no toxic leaks polluting the environment in the immediate proximity of the mine, owned by Dundee Preciuos Metals. The situation is monitored and meets the European Union safety norms, the Sofia regional environmental inspectorate said after inspecting the site on November 10, as quoted by Dnevnik daily.
Canadian firm Dundee Precious Metals finally got the green light from the Ministry of Environment and Water Affairs to expand operations at its Chelopech mine, the ministry announced on its website on July 31 2008. Dundee has seen Environment Minister Djevdet Chakurov to approve the company's environmental impact assessment that the company needs to increase the mine's output. Chakurov's silent refusal
Sofia's city prosecutor's office started an investigation against the Minister of Environment and Water Affairs Djevdet Chakurov for alleged abuse of power, Bulgarian daily Dnevnik said. The investigation was started after a tip-off from Democrats for a Strong Bulgaria in late 2007, Re:TV would announced in the evening of July 25, according to Dnevnik.
Recent studies, including those by NASA, indicate the average global surface temperature since 1880 has gone up 0.8 degrees Celsius and is on course to continue rising by 0.1 degrees every decade.
EU negotiators are urging other parties at the COP17 climate talks in Durban to agree to a 'roadmap' that would lead to a climate treaty that would legally bind governments to cut emissions blamed for climate change.
Agriculture and rural areas in the Western Balkans: status update.
The world's deep-sea catch is steadily declining, and the high vulnerability of these fish populations and diverse marine ecosystems is well documented.
BGWEA has estimated that Bulgaria's installed renewable energy capacity will reach between 2000 MW and 3000 MW by 2020, given the current number of projects.
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