Bulgaria awards concessions of two limestone deposits to local cos

Bulgaria awards concessions of two limestone deposits to local cos

Bulgaria's government said on Wednesday that it has selected concessionaires for two limestone deposits located in the Pleven and Shumen provinces, in northern Bulgaria.

Pernik-based company Toni Todorov won a 35-year concession of the Kubrat deposit in the Pleven province, with concession payments expected to exceed 800,000 levs ($463,000/409,000 euro), the government said in a statement following its weekly meeting.

The company is also expected to invest some 500,000 levs in mining activities.

The second concession, for the Lamburluka deposit in the Shumen province, was awarded to Shumen-based company Bars. The company is expected to pay concession fees of over 450,000 levs over the 21-year term of the contract, and invest some 50,000 levs in mining activities.

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