Dundee Precious Metals to explore for minerals near Krumovgrad
Bulgaria's government will grant Balkan Mineral and Mining, a unit of Canadian Dundee Precious Metals (DPM), a three-year metal exploration permit for a site in southern Bulgaria, the cabinet's media office said. The Iran Tepe area, spanning 68 sq km, is located in the municipalities of Krumovgrad and Momchilgrad. As part of its investment programme, Balkan Mineral and Mining will allocate USD 119,000 for exploration works and a further USD 5,000 for re-cultivating the land. Two weeks ago, the company was awarded a 30-year concession contract for gold mining near Krumovgrad.