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Varba - Batantsi JSC - Madan
Branch: Mining of other non-ferrous metal ores Registered Actitity: Mining and processing of ores and minerals - metallic minerals, acquisition of the totality of all rights, obligations and factual relations of "unity willow - batantsi" construction, installation, commercial and transportation, purchase, construction or furnishing of real estates for sale ; any other commercial activity prohibited by law. Minstroy invested over EUR 20 million in Macedonia
Over EUR 20 million will invest Bulgarian Minstroy holding within two years in both lead and zinc mines in Macedonia, which it acquired recently. Both mines are the largest employers in eastern Macedonia and closing them had created a social problem in the region. With the resumption of activity a total of 1,000 miners will now return to their workplaces. This is expected to happen by the end of the year. So far nearly EUR 7 million are invested, which includes the price of the concession and assets of the mines. By the end of the year investment in Macedonia will reach EUR 12-13 million and in two years the rest of the remaining funds to EUR 20 million will be invested. This includes the complete renovation of the mines and purchase of new machinery and equipment. Again by the end of this year employees will reach 1,000 people. The total capacity of the two Macedonian mines is around 3000 tons of concentrate per month.
Chamber of Professional Valuers - Sofia Gorubso - Madan JSC - Madan Holding KCM 2000 JSC - Plovdiv KCM SA (Non-ferrous Metals Smelter) JSC - Plovdiv Minstroy Holding JSC - Sofia Remotex Radnevo SPJSC - Radnevo [Insolvent] Varba - Batantsi JSC - Madan Viohalco-Group - Sofia
05.03.2026: Top 10 mining companies
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