Tag: ilovica
Economy 29.08.23 | 19:47

Copper mining company warns the country could be forced to pay a billion EUR in damages over canceled project

Zivko Gruevski, representative of the Euromax Resources company, warned that they want to avoid taking the country to court but if they do – “our lawyers assure us it would be the easiest case they ever had”. The company was in advanced preparations to build a large copper mine near...
Macedonia 29.07.23 | 17:30

Euromax may sue individual ministers who are blocking their copper mine

Euromax Resources, the company that is trying to develop the large Ilovica copper mine near Strumica, may sue individual members of Government who worked against this decision. The Government recently decided to advance the Ilovica concession, by unifying two of their separate claims, but after public...
Macedonia 21.07.23 | 10:21

Milososki: DUI is pushing for the opening of the Ilovica mine

The Government changed its position on the Ilovica copper mine and now favors its opening after a businessman close to the ruling DUI party bought a significant share in the company, said VMRO-DPMNE member of Parliament Antonio Milososki. The public was shocked after the nominally SDSM led Government...
Macedonia 05.07.23 | 18:05

Environmental activists shocked by Government decision to allow the construction of a huge copper mine near Strumica

Activists from the organization “Healthy Valley” are asserting that the construction of the new copper and gold mine “Ilovica – Shtuka” will lead to the deterioration and death of the fertile and heavily populated Strumica valley, where it will be built. The activists say...
Macedonia Economy 04.01.21 | 21:39

Company confirms that the Ilovica copper mine is being developed through a company with ties to Bulgaria

The management of Euromax Resourced LTD, which is operating the large proposed Ilovica copper and gold mine, confirmed that the company is being taken over by a Bulgarian company that operates from the Cayman islands. Euromax insisted that this company called Galena is part of the Singaporean Trafigura...
Macedonia 19.12.20 | 19:13

“Zaev is restarting the Ilovica mine project after it was taken over by a Cayman Islands company with ties to Bulgaria”

The company operating the Ilovica copper mine project was sold in 2019 to a shell company registered in the Cayman Islands, said VMRO-DPMNE Vice President Aleksandar Nikoloski, who warns that this is an attempt to take over the mine and revive the project by Bulgarian business interests close to the...
Economy 17.12.19 | 21:17

Canadian mining company says the decision to stop it from opening a large copper mine near Strumica was driven by politics

The Canadian Euromax Resources company has accused the Zaev Government of making a political decision when it withdrew its right to build the large Ilovica copper mine near Strumica. The company said that it is prepared to use all domestic and international legal remedies in the newfound situation. According...
Economy 23.11.19 | 14:27

Environmentalists from Strumica demand that the permit for the Ilovica copper mine is revoked in full

Environmental activists from Strumica gathered in front of the Government today to demand that the approval for the Ilovica copper mine is revoked in full. The organizers from the Green Valley group claim that the Government is having it both ways with the mine that was supposed to be a major investment...
Economy 02.10.19 | 13:59

Economy Minister Bekteshi signs order to rescind the Ilovica copper mine permit

Economy Minister Kreshnik Bekteshi signed a proposal to revoke the right of the Canadian Euromax Resources company to open the large Ilovica copper mine near Strumica. Bekteshi’s decision will now be sent to the Government for approval. The move comes after a Committee set up by the Ministry rejected...
Economy 01.10.19 | 14:04

Environmentalists jubilant after the Ilovica copper mining project suffers another blow

The Appeals Commission set up to examine the appeal from the Euromax Resources mining company ordered that the planned Ilovica copper mine will not be built. With this decision by the Commission, the road is now clear to withdraw the concession Euromax Resources received to open and operate the mine...
Economy 25.06.19 | 22:40

Economy Ministry will re-examine the permit it gave to the large Ilovica copper mine

The Government announced today that it is tasking the Economy Ministry to re-examine the legal basis under which the Canadian Euromax Resources company was awarded a licence to operate the large Ilovica copper and gold mine near Strumica. According to the press release, if legal defects are uncovered,...
Macedonia 30.03.19 | 11:48

Media silence ordered over Zaev’s companies in Bulgaria – VMRO asks if they are tied to a major copper project?

Pro Government media outlets in Macedonia are completely ignoring the revelation that close relatives of Prime Minister Zoran Zaev have registered companies in the city of Petric, in neighboring Bulgaria. Opposition leader Hristijan Mickoski revealed that the companies are named Gomasindra and Orient...

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