Metrudhem is a new owner of Veles-based Topilnica

Creditors’ meeting of MHK Zletovo accepted the offer by a production and trade company Metrudhem for the purchase of the Veles-based smelter Topilnica. The company became the owner of the metallurgical and chemical ... More


A-tech and East point still want RTB Bor

After announcements that Serbia is going to open a tender for choosing a strategic partner for the RTB Bor, A-tech and East point have again shown their interest in that company. According to the revealed strategy the government ... More


Sale contract for Keramika from Mladenovac signed

Representatives of the Serbian Privatisation Agency and the Share Fund signed a contract on the sale of shares of the construction ceramics producer Keramika from Mladenovac with a consortium comprising Inter Gas from Belgrade ... More


A-tech still interested in RTB Bor

Director of Austrian company A-tech Mirko Kovac said that this company is still interested in the purchase of Mining and Smelting Complex Bor (RTB Bor), but that it depends on the Government of Serbia. Kovac repeated his interest ... More


George Mylonas one of the most important figures in Greek and International business community abducted

Giorgos Mylonas, 49, the president of the Federation of Industries of Northern Greece and the chief executive of the aluminium firm Alumil was kidnapped by unknown people last night in Thessaloniki, is the largest aluminium ... More


George Mylonas one of the most important figures in Greek and International business community abducted

Giorgos Mylonas, 49, the president of the Federation of Industries of Northern Greece and the chief executive of the aluminium firm Alumil was kidnapped by unknown people last night in Thessaloniki, is the largest aluminium ... More


Mine "Lece" to be put into operation but 200 miners will be hired

The owner of concern "Farmakom MB" from Šabac, Miroslav Bogićević, who recently bought lead, zinc, silver and gold mine "Lece" near Medveđa, said yesterday (May 5, 2008) that he would hire 200 miners to work ... More


History repeating itself at RTB Bor

Just like Cuprom last year, Austrian A-TEC has now pulled out of the purchase of RTB Bor, having won the deal at a tender. The deadline for A-TEC to pay the second instalment of the agreed sale price expired at midnight, and ... More


Turkey's Sisecam to invest $415 mln in Bulgaria glass ops

Trakia Glass Bulgaria, the local arm of Turkish glass and chemicals group Turkey Sise ve Cam Fabrikalari (Sisecam), will double the output of its Targovishte plant through 2010, investing $415 mln, Turkish prime minister Recep ... More


Rubin invests EUR 8.5 million in SFS

The new owner of the glass factory SFS in Paracin, Bulgarian Rubin has invested EUR 8.5 million in the factory so far, which is by 1 million more than it was obliged to according to the contract. The factory’s ... More


A-Tec pays $150m for RTB Bor

Serbian Minister of Economy and Regional Development Mladjan Dinkic confirmed that Austrian A-Tec has today paid on the 29th of February $150 million, which is part of the sale price for mining and metallurgical complex RTB ... More


Kosovo rich in gold, nickel and chrome

The Kosovo Independent Commission for Mines and Minerals (ICMM) presented in December the first results of the airborne geophysical survey of Kosovo that was recently concluded. Dr. Naser Peci, Deputy Director of ICMM, stressed ... More


Ukrainian tycoon Sergey Taruta coming to Beton

The Ukrainian tycoon Sergey Taruta will be member of the new Management Board of Skopje-based construction company Beton, suggests the proposal of the decision for today’s shareholders assembly of the company. Sergey ... More


Greek S&B signs bauxite agreement with WW

S&B Industrial Minerals signed a preliminary agreement with Western Way for the procurement of 1.1m tons of bauxite, starting end 2010 and lasting for 10 years. The bauxite will feed a 1.6m ton alumina unit in Saudi Arabia (with ... More


EBRD lends EUR 6.75 mln to Austrian Wienerberger

The European Bank for Reconstruction and Development (EBRD) lent EUR 6.75 mln to the Bulgarian unit of Austrian brick and tile manufacturer Wienerberger to finance the upgrade of its brick plant in northern Bulgaria. "The plant ... More


Bulgarian Intertrust to invest 60 mln euro in lead and zinc co OCK

Bulgarian holding company Intertrust plans to inject 60 mln euro in the modernisation and expansion of subsidiary company OCK, the Kardjali-based lead and zinc producer. Intertrust has just signed a 10.8 mln lev contract with ... More


Auction sale of lead, zinc, gold and silver mine "Lece" by the end of year 2007

Auction sale of lead, zinc, gold and silver mine "Lece", in the namesake town in the south of Serbia, is expected by the end of the year. Interest in this famous mine, of which revitalization and starting of production are ... More


Merrill Lynch downgrades Titan to Sell

Merrill Lynch analyst Mike Bridges downgrade Titan Cement from Neutral to Sell due to weak Q3. According to ML analysis, The uncertainty over the Lake Belt issue has been removed by assuming the Pennsuco quarry remains closed in ... More


Titan's Subsidiary Antea Cement S.A. to build USD 200 mln cement factory

The Albanian Parliament gave to Antea Cement S.A. approval to exercise mineral exploitation activity for a period of 99 years and definition of the rights and obligations of the sides to fulfill this agreement in compliance with ... More


Marble is an increasing value in Diyarbakır

There is a new outstanding sector in Diyarbakır, where about 60 percent of public is engaged in agriculture -- the marble business. Developing in Diyarbakır since 2000, 50 quarries and 15 factories are now in service. ... More