Radovish, May 16, 2025 – The mineral raw materials production and trading companies DPTU Bucim DOOEL Radovish and DPTU Borov Dol DOOEL Radovish, in accordance with their concession agreements and the amendments to the Law on Mineral Resources (“Official Gazette of the Republic of North Macedonia” nos. 136/12, 25/2013; 93/2013; 44/2014; 160/2014; 129/2015; 192/2015; 39/2016; 53/2016; 120/2016; 189/2016; 7/2019; 99/2022; 129/2023; 253/2023; 147/2024; 49/2025), continue to fully comply with their legal obligation for timely, transparent, and accountable payment of concession fees to the affected municipalities.
The payments are made based on the Decision on the Distribution of Concession Fees for 2025 (“Official Gazette of the Republic of North Macedonia” no. 94/2025 of May 12, 2025), with calculations performed in accordance with the Tariff for Calculation of Concession Fees (“Official Gazette of the Republic of North Macedonia” no. 268/2024).
The total planned amount for 2025 to be distributed to the municipalities of Radovish, Konche, and Shtip is MKD 181,754,332, representing a significant financial contribution to the budgets of these local self-governments.
Distribution by Municipality:
Municipality of Konche
MKD 76,128,839 – concession fee for mineral resources exploitation
MKD 809,607 – land use fee
Total: MKD 76,938,446
Municipality of Shtip
MKD 59,720,528 – concession fee for mineral resources exploitation
MKD 544,604 – land use fee
Total: MKD 60,265,132
Municipality of Radovish
MKD 41,556,529 – concession fee for mineral resources exploitation (Bucim and Borov Dol)
MKD 2,994,225 – land use fee (Bucim and Borov Dol)
Total: MKD 44,550,754
Through these payments, Bucim and Borov Dol ensure a direct contribution to local economic and infrastructural development, actively supporting the financing of municipal projects and improving the quality of life in the region. These funds represent direct support for financing infrastructure, environmental, and social projects within the local communities, thus creating long-term value.
According to Article 76 of the Law on Mineral Resources, the concession fee for mineral resource exploitation is distributed between the state and the municipalities where exploitation activities take place, in proportions determined by a Government Decision. The amendments to the Tariff for Determining the Amount of Fees for Issuing Permits and Concessions for Detailed Geological Research and Exploitation of Mineral Resources from 2024 have doubled (from 2% to 4%) the share allocated to municipalities, calculated as a percentage of the market value of copper metal per tonne in each tonne of produced copper concentrate, and likewise for gold – increasing the municipalities’ share from 2% to 4% of the market value of gold metal per tonne of produced concentrate. This has enabled significantly higher municipal revenues from mining activities.
As socially responsible companies, Bucim and Borov Dol remain committed to responsible management of natural resources and to building stable and long-term partnerships with local communities. The payment of concession fees is just one segment of their broader sustainability strategy, which encompasses economic, social, and environmental aspects.
*The amounts for the second and third quarters of 2025 are based on estimates, with actual payments depending on the realization of production plans, market fluctuations in metal prices, and exchange rate movements.