Source: Glas javnosti | Monday, 07.11.2005.| 14:09
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Dandi Canada to obtain concessions for ore deposits on Crni Vrh, Rio Tinto obtains coal ore deposits in Baljevac on the Ibar

The Commission made of experts from several ministries decided to suggest to the Government of Serbia that famous Canadian company Dandi-precious metals should obtain all 3 concessions for ore deposits on Crni Vrh. Geologic research will last 3-5 years and the exploitation, if there is plenty of ore – 25 years. The Canadians will have the right to use of 150 square kilometers on Crni Vrh, whereas 38 million USD will be invested only in researches of ore deposit Čoka Kuruga. The two remaining ore deposits will obtain investments worth 12 million USD. If the copper mines, gold mines and deposits of other precious metals are opened, several hundreds of millions of USD will be invested.

Dandi owns concessions for two gold deposits in Bulgaria, where it has the unit for obtaining of precious metals. Dandi is also interested in procurement of entire Mining Smeltery Basin Bor.

Unofficially, British-Austrialian company Rio Tinto will obtain concessions for Boron Mine in Baljevac on the Ibar river. This rare ore is irreplaceable in the military industry.

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