Six mining and gold exploitation companies undergo restructuring with a view to privatisation

Under the strategy approved by the Executive on Wednesday, six State-owned companies from the mining sector - metal ores exploitation - will be restructured with a view to privatisation and further drawing in of investments. ... More

Cumerio eyes 4.2% rise in Bulgaria anode copper output '06

Belgian copper producer Cumerio was quoted as saying by news outfit SeeNews it expects a 4.2% rise to 250,000 tons in the anode copper production of its Bulgarian smelter, although the first quarter output of 50,500 tons fell ... More

Bulgaria's Kaolin opens factory for foundry sands in Devnya

Mining and processing company Kaolin, launched Wednesday a factory for foundry sands in Devnya, in the coastal Varna area. The project has so far absorbed 5 mln levs, said the company's executive director Alexander Prokopiev. ... More

Sanex Cluj Saw EUR 21.5 Million In Turnover Last Year

Tiles manufacturer Sanex Cluj had EUR 21.5 million in turnover last year, a 66.6 percent decrease compared to 2004. The financial index was inferior to the EUR 36 million turnover reported for 2005 as well as to the budgeted ... More

Competition for the Rousse ceramics factory construction

Spanish manufacturer of wall and floor tiles Keros Ceramica, Veliko Tarnovo-based Retro 2003 and Sofia-based Intervo-Bulgaria have placed competing bids for a 11.2 ha site in the Rousse industrial park for the construction of a ... More

Foreign companies claim parts of Trepça

While KTA is preparing to revive “Trepça”, over 90 foreign companies claim parts of this complex. According to Lajm sources, 91 indictments against creditors or owners were submitted at the Supreme Court ... More

Porcelain factory- interest for Dulovo area

Belgian and Bulgarian investors are interested in the kaolin deposits located in the Dulovo municipality, North-eastern Bulgaria, said Dulovo mayor Mithat Tabakov. The investors want to build a porcelain factory in the area. The ... More

USD 200 M debts in mining field, cancelled

The debts of Moldomin, Cuprumin and Minvest, totalling to USD 200 M will be cancelled, totally or partially, when the ownership right is transferred or at the end of the year, if the companies pay their monthly current fiscal ... More

Semmelrock To Open EUR 8.5 Million Concrete Pavement Plant

Austrian company Semmelrock will open a concrete pavements plant close to Bucharest this year, with EUR 8.5 million. Through this move, the company plans to become the main player on the concrete pavements market. Semmelrock is a ... More

Greek Yioula to invest 15 mln euro in Novi Pazar glass unit

Bulgarian glassworks factory New Glass, part of the Greek Yioula Group, has launched a new glass melting furnace for the production of tabletop items. During the inauguration ceremony, Yioula board chairman Anastassios ... More

Trepça miners’ life at risk

Rainer Hengstmann, member of the Kosovo Independent Commission for Mines and Minerals (ICMM) said that Trepça’s mines would rather be closed than obtain a license for regular production, as security is not sufficient ... More

Italcementi Group to boost output of Bulgarian units on 10 mln euro

Italy's Italcementi Group will invest 10 mln euro to launch new products at its Bulgarian units and diversify the roster of dry mortars. The 5-year strategy for the development of the Italcementi units in Bulgaria envisages ... More

SABANCI HOLDING to establish Cement Factory in Romania

One of the leading business conglomerates in Turkey, Sabanci Holding, which is active in the cement sector, will carry out studies in Romania to establish a factory in the country. Cimsa, the Sabanci owned cement company, has ... More

French company "builds" Majdanpek

French company "Societe comerciale des Metaks et Minera" (SCMM), from Paris, will, most probably, be the new owner of Majdanpek-based Metal-Processing Industry (IPM), a part of Mining-Smeltery Basin (RTB) Bor. By the way, SCMM ... More

Serbia to invite bids for mining complex RTB Bor in March

The Privatization Agency will call a tender for the sale of mining complex Rudarsko Topionicarski Basen (RTB) Bor in March, local newspapers reported yesterday, quoting acting general manager Borivoje Stojadinovic. Suitors will ... More

Turkish company Sisecam in Northeastern Bulgaria.

The company's second manufacturing facility will be commissioned, after a glassware plant that went into operation in July 2005, within a major investment project for construction of a glass production complex in Turgovishte, ... More

Rio tinto" invests 140 million EUR in Baljevac

Today, in Belgrade, the representatives of the Government of Serbia and multinational mining company "Rio tinto" will sign the concession contract on geological researches and production of boron ore in area of Baljevac on the ... More

Tender for the sale of “Pancevo Glass Industry” unsuccessful

The Serbian Privatisation Agency stated today that the tender commission which is monitoring the implementation of public tender for sale of 100% of the total registered capital of the socially-owned company “Pancevo Glass ... More

Government offers expert assistance in finding a partner

The Government of Montenegro shall offer expert assistance in attracting a good strategic partner for the Lead and Zinc Mine "Suplja stijena" in Pljevlja and it is willing to offer it all conditions that would facilitate its ... More

Cement Company Lafarge Posts Record Sales in 2005

Trbovlje-based cement producer Lafarge Cement saw its sales rise 12% in 2005, the company's CEO Franci Blaznek said on Friday, 3 February. The 542,000 tonnes of cement and 9,000 tonnes of clinker sold last year would be ... More