Chelopech Project
Country Bulgaria 
Close to Sofia
Surface 3 km² / 657 acres
Latitude / Longitude 42 N 39 / 24 E 5
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Develops Copper - Gold - Silver -
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Last updated on 2/28/2011 - Terms of Use
Risk and valuation analysis of the Chelopech Project
Status Risk : Mine development
Country Risk : Important
Title(s) of the Chelopech Project
Dundee Precious Metals Inc
Owner: 100%
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Dundee Precious Metals Inc. owns the Chelopech Mine located in Bulgaria. Concerning the smelter, The Bulgarian government will provide 25 percent of the total investment, and will hold a 25 percent stake in the new smelter in Chelopech, 65 km (40.4 miles) east of Sofia. Under the same deal, Dundee has agreed to pay a higher concession fee to the state.
Navan Mining plc
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Location of the Chelopech Project
The Chelopech Mine is located 65 Km from Sofia, the capital city, less than an hour away by car along highways.
History of the Chelopech Project
In December 2005, DPM announced the approval by its Board of a US$150 million investment to undertake the mine expansion, based on the results of its Definitive Feasibility Study (DFS) undertaken by GRD Minproc Ltd.
Production history
COPPER (lbs)19,909,50825,361,78025,361,97824,621,254
GOLD (oz)71,47270,78070,79556,878
SILVER (oz)103,487111,096
Data last updated on : 1/1/2011
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