Court Upholds Ruling on Dundee Precious Metals’ Krumovgrad Gold Project

Court Upholds Ruling on Dundee Precious Metals’ Krumovgrad Gold Project

The Supreme Administrative Court upheld a previous court decision to dismiss appeals filed against the environment ministry's approval of the environmental impact assessment of Dundee Precious Metals' gold project in Krumovgrad, in southeastern Bulgaria.

This decision is not subject to appeal.

Last year, the court upheld the 30-year mining concession granted by the Bulgarian government on the Khan Krum Deposit in Krumovgrad to DPM's subsidiary, Balkan Mineral and Mining EAD.

The proposed mine site is located at Ada Tepe, approximately three kilometres south of Krumovgrad. The project plan contemplates the construction of an open pit mining operation. A feasibility study, completed in November 2011, confirmed the commercial and economic viability of the project.

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