Posts in category: news

As constructive partners of their local communities, the mines strive to actively contribute towards the fight against the Covid-19 virus. DPTU Bucim DOO Radovish donated vehicle disinfection systems to PE Plavaja – Radovish. DPTU Borov Dol DOOEL Radovish donated protective masks and antiseptics to the Municipal Red Cross – Radovish. These materials will be used for preventive measures for the inhabitants of the Konce and Radovish municipalities.

These donations aim to provide additional protection for local residents and reduce the risk of spread of the virus in the municipalities of Radovish and Konce. Vehicle disinfection systems will be installed at both entrances of the city of Radovish, as additional precautions to limit exposure to the virus. Protective masks and antiseptics will be distributed to the inhabitants of Konce and Radovish. These will be distributed by Municipal Red Cross – Radovish to families in need. 

Since the beginning of the pandemic, the Bucim and Borov Dol mines have taken increased precautions to protect the health of all of their employees while ensuring business continuity. The mines have fully implemented the measures and recommendations of the World Health Organization, the ministry of health, and the government of North Macedonia. In order to reduce the risk of exposure, the cabins of technical vehicles, equipment, buses and work premises are regularly disinfected and all employees are provided on a regular basis with antiseptics and protective face masks. In addition, a limited entry system was introduced for external collaborators and visitors. Employees with children up to the age of 10 and employees with chronic diseases have been relieved of their work responsibilities. All events and meetings have been canceled and the restaurant’s dining schedule was altered in order to avoid gatherings large numbers of people in one place at one time.

Bucim and Borov Dol are pleased to report that to date there has not been a single case of Covid-19 has been reported amongst their employees.

“The company’s actions are carried out in accordance with all recommendations. Our employees are provided with a safe working environment with all available precautions. In dealing with one of the largest ever global health crises, the Covid-19 pandemic, cooperation is essential. We recognize the importance of supporting and cooperating with our local communities, particularly in such extraordinary circumstances. We are focused on contributing to the preservation of the health and safety of our employees and local residents to jointly overcoming the challenges presented by the coronavirus pandemic,” explained Nikoljaco Nikolov, Deputy General Manager of Bucim.

“In Borov Dol, all protective measures have been taken. Our work has been reorganized in accordance with all necessary precautions in order to protect the health of our employees and to maintain the continuity of our operations. We also take equal care for the local community in which we operate. The concern for society is deeply rooted in our work, especially in these newly challenging times fighting the Covid-19 virus,” added Pavlo Krivinsky, General Manager of Borov Dol.

The copper mine Bucim DOO Radovish marked the first half of 2020 with completion of exploitation of the mineral resources from the Chukar 2 ore body, in accordance with its annual production plan.

During the month of July, there will be a planned slowdown of the production process in the Bucim mine so that construction work may be performed to build the conveyor belt that will connect the Borov Dol and Bucim mines. During the time of suspension of production, about 40 employees will be put on leave in July, but they will still receive 70% of their full salaries, certainly in previous agreement with them. This month will be also used for planned regular overhaul of the flotation plant. From 1 July to 1 August, activities will be carried out for necessary, ongoing repairs of the flotation plant and in parallel, preparations will also be made for further exploitation of copper ore from the North-East 2 ore body.

Based on detailed geological research performed previously, it has been proven that there are other quantities of mineral reserves identified in the North-East 2 ore body. This will ensure the exploitation and processing of mineral resources and smooth operations of the Bucim mine.

“The explored mineral reserves will enable the continuous production process in the mine through the end of 2020. We will use the upcoming period for intensive preparation for the exploitation of mineral resources from the North-East 2 ore body which will ensure continuity in the production process and optimal utilization of the copper ore in Bucim, ” said Nikoljacho Nikolov, Deputy General Manager of Bucim.

The Borov Dol copper mine is a socially and ecologically responsible company that strives to take measures to reduce the impact of its operations on the environment. The company prioritizes sustainable development, including the rational use of natural resources, environmental protection, and conservation of biodiversity.

Borov Dol is committed to preserving biodiversity in its concession area surrounding the mine.

On June 23-24, 2020, special birdhouses (artificial nests) were installed around the Borov Dol concession area. This measure will help overcome underlying causes of biodiversity loss or possible changes to the birds’ nesting territories.

Artificial nests, as one of the compensatory measures, were placed at ten locations around the mine’s concession area. The nests were installed on medium and low-voltage transmission lines by the expert team of EVN Macedonia in the villages of Novo Selo and Brest, in the settlement Damjan near the building of the old Damjan mine, and on the fields between Damjan and the Shtip-Strumica regional road.

“Our company strives to sustainably use natural resources, taking appropriate actions with the aid of applicable technologies. By carrying out this activity, we strive to preserve biodiversity in the surrounding area and improve the ecological conditions around the Borov Dol mine,” said Pavel Krivinsky, General Manager of Borov Dol.

Bucim DOO Radovish, the only copper and gold mine in North Macedonia, has successfully passed an internal annual audit to confirm the company’s compliance with the international ISO standards 9001, 14001, 45001.

The audit was conducted in May 2020 by the certification body TÜV NORD CERT. The company’s inspectors evaluated Bucim’s performance in following the ISO management standards for quality, occupational health and safety at work, and the environment. 

In their report, the auditors confirmed that there was no disagreement nor any non-compliance with the requirements of the standards, and that the mine operates consciously and responsibly, in accordance with international leading standards.

To ensure continuous improvement, as well to meet the requirements of ISO 9001: 2015, ISO 14001: 2015 and ISO 45001: 2018, the mine strictly adheres to and monitors its compliance with these standards. Internal and external auditors are performed regularly to verify operations in line with these international standards.

“The mine uses the ISO standards to incorporate global best practices into its production operations. We regularly audit our operations for quality, safety and health systems at work, and the environment. We are committed to adhering to the ISO standards and are constantly striving to improve our operations,” commented Nikolajcho Nikolov, Deputy General Director of Bucim DOO Radovish.

In order to accelerate further improvement of the environmental conditions around the Bucim mine, the lowland slope of Bucim mine’s TSF tailing dam, Topolnica, was successfully afforested between 27 April and 11 May 2020.

During this first stage of afforestation, a total of 900 Acacia seedlings and 470 Arizona Cypress seedlings were planted. This is an important first step towards the biological reclamation of  Bucim mine’s TSF tailing dam which covers an area of ​​11,000 m². The seedlings planted stabilize the ground surface, prevent dust emissions, refine the surface, purify the air and improve microclimatic conditions.

Tree planting is an ongoing activity and is carried out regularly every year. By the end of 2020, according to the annual program for afforestation of the lowland slope, another 2,000 Acacia seedlings and 1,000 Arizona Cypress seedlings will be planted on an area of ​​30,000 m².

“Afforestation on the lowland slope of the TSF tailing dam is an ongoing activity that we perform every year in order to maintain and increase the forests and green areas near the mine. Environmental protection is an important aspect of our work and we try to reduce the impact on the environment through all of our activities,” explained Nikolajcho Nikolov, Deputy General Manager of Bucim.

The holiday, “May 7 – Day of the Macedonian Police”, was marked by laying flowers at the monuments to fallen defenders in Radovish and Strumica. Police officers also presented certificates of gratitude to local companies which helped the police in their implementation of protective measures against Covid-19.

As a sign of gratitude for its special contribution and support of the work of the police, SIA-Strumica thanked the Bucim mine for its ongoing cooperation and continuous support of the police in dealing with and overcoming the consequences of the Covid-19 pandemic. The certificate of gratitude was presented to Bucim DOO Radovish’s Deputy General Director, Nikoljacho Nikolov.

“I congratulate all members of the Ministry of Interior on the holiday of the Macedonian police on May 7. In this extremely important period in the fight against the pandemic, we as a socially responsible company are trying our best to help manage this crisis together,” added Nikolajcho Nikolov, Deputy General Director of Bucim DOO Radovish.

Yesterday, a working meeting was held on the premises of the Municipality of Radovish with the Deputy General Director of Bucim, Nikolajcho Nikolov, General Manager of Borov Dol, Pavel Krivinsky, the mayor of Radovish, Gerasim Konzulov, President of the Council of Radovish, Kole Charakchiev, and representatives of the Association of Architects and Construction Workers “Gardikon” – Radovish.

The opening of the Borov Dol mine will allow for copper ore mining to continue until at least 2030. It will provide for continued operation of existing facilities at the Bucim mine, the preservation of jobs for most Bucim employees, and the possibility of new jobs – instead of simply closing the 40-year-old Bucim mine, which is currently in the process of shutting down its mining operations.

The company’s strategy is to ensure a smooth and sustainable transition to mining at Borov Dol, preserving the jobs of most of the employees currently engaged in Bucim’s operations, and also creating new job opportunities for the residents of the neighboring municipalities.

At the working meeting, cooperation between the local construction companies from Radovish and Borov Dol was discussed. The new mine will continue the work of the Bucim mine, a socially and ecologically responsible enterprise that contributes to the sustainable development of its local communities. The Borov Dol and Bucim mines are fully supported by their international parent company, Solway Investment Group, which is committed to having a strong positive impact on the communities in which it operates.

“Our role as a socially responsible enterprise applies to all aspects of our business behavior. We understand and integrate social factors into our decision-making process at all stages of our activities. Bucim has a strong focus on local community relations and sustainable development,” added Nikolajcho Nikolov, Deputy General Director of Bucim.

“Sustainable and socially responsible operations, involvement of the local community, and care for the environment and occupational safety and health are all key to our operations. We recognize the needs of the local communities. Our responsibility to society is at the same time also a responsibility to the company in the long run,” commented Pavel Krivinsky, General Manager of Borov Dol.

Financial assistance in the amount of €5,000 was donated to the Red Cross of Radovish. These funds will use used to support socially disadvantaged families from the municipalities of Radovish and Konce in order to help them better cope with the new reality caused by the COVID-19 outbreak.

The donated funds will be used to prepare packages with basic products: including food products, personal hygiene products, and disinfectants. The Red Cross of Radovish will deliver these packages to the most socially disadvantaged families living in Radovish and Konce.

“We at Bucim are continuing our socially responsible activities that are a very important part of our work. It is our obligation, during this difficult period for everyone, to behave responsibly towards the society in which we work and to help those most in need. Bucim strives to make its own contribution towards addressing the impact of the coronavirus,” commented Nikolajcho Nikolov, Deputy General Manager of Bucim.

Radovish, North Macedonia, April 29, 2020 The total amount of ore processed at Bucim in 2019 amounted to 4.248 million tonnes (101% of 2018 volume), with copper content of 0.184% (94% compared to the quality of ore processed in 2018), gold content of 0.247 g/t (81% compared to the quality of ore processed in 2018), and silver content of 0.62 g/t (121% compared to the quality of ore processed in 2018). This corresponded to 31,226 tonnes of dry copper concentrate from ore raw materials (92% of 2018 volume), containing 6,512 tonnes of copper (94% of 2018 volume), 593 kg of gold (77% of 2018 volume), and 937 kg of silver (92% of 2018 volume). In 2019, Bucim’s SX/EW plant produced 719 tonnes of cathode copper of 99.99% quality (94% of 2018 volume).

The main reason for the decrease in production volumes in 2019 in comparison to 2018 was the lower metal content in the ore. In 2019, exploitation of the Bunardzik ore body was completed. In total, 12.719 million tons of ore were extracted from Bunardzik, equal to 102% of the projected reserves.

The Bucim mine excavates ore which has very low copper content, but nevertheless, according to its 2019 results, the company was able to achieve a positive financial result, a pre-tax profit of €16.106 million (83% compared to 2018).

In 2019, in order to secure operational efficiency and extend the life of the company’s performance to at least 2030, Bucim DOO Radovish started developing the new Borov Dol project. The Borov Dol project is replacing the 40 year-old Bucim mine which is currently in the process of closing. The company’s strategy is to ensure a smooth and sustainable transition to the new mine while minimizing the environmental impact, preserving the jobs of most of the employees currently engaged in Bucim’s operations, and also creating new job opportunities for the residents of the neighboring municipalities.

During the reporting period, Bucim paid taxes to the budget of North Macedonia in the amount of €1,661 thousand (84% compared to 2018).  The company paid concession fees of €1,222 thousand for the use of the mineral resources for 2019, 78% of which were paid into the budget of the municipality of Radovish and 22% into the national state budget.

Social contributions from salaries paid in 2019 were equal to €1,657 thousand (99% compared to 2018), while the collection rate of pension and disability insurance contributions was 0.4% higher than in 2018. Health insurance contributions rose by 0.1% compared to the same period in 2018.

The average monthly wage in 2019 amounted to €534 (98% compared to 2018). In 2019, employees were paid a recourse for the use of annual leave in the amount of €106,000 (99% compared to the previous year). In 2019, a one-time compensation was paid in the form of severance pay to employees who had acquired the right to a pension in the amount of €14,000. In January 2020, the enterprise introduced a system of monetary rewards for those employees who have been continuously employed by the company for 15 years. 210 of Bucim’s loyal employees are expected to receive this monetary reward by the end of 2020. 

In 2019, the company invested €110,000 in social development. This includes support for athletic clubs, young creative talents and educational programs, providing material assistance to the city hospital, schools and kindergartens, providing a pallet heating system for a kindergarten, carrying out repairs of buildings, purchasing necessary equipment and inventories, and assistance in the development of cultural programs in the local community. 

Bucim’s 2019 annual health and safety operational investments reached €130,000 including the cost of employee PPE, hygiene products, certification of technical equipment, technical inspection of equipment, fire prevention measures, employee medical examinations, purchasing of current safety materials, and staff training.

Facility maintenance and repair expenses totaled €4.035 million in 2019. The forecast cost of maintenance and repairs of the main technological equipment, buildings and structures in 2020 is € 2.673 million (59% compared to 2018).

In 2019, investments in support of production capacity (purchases of equipment, machinery, construction, etc.) amounted to €670,000. €106,000 was invested in environmental programs. This included re-cultivation of the dam of the tailing dump in the required area, environmental monitoring services – including both surface and groundwater, atmospheric air, environmental noise, industrial emissions and discharges, and waste management services, as well as environmental third party audits and assessments.

In 2019 Bucim was recertified according to ISO 9001:2015 and ISO 14001:2015. In May 2019, Bucim was successfully certified according to the latest international standard requirements – ISO: 45001:2018.

Starting from March 10, 2020, the enterprise, in order to better manage and prevent the spread of COVID-19, as well as in accordance with the measures issued by the responsible authorities, exempted from work employees with children under the age of 10 and employees with chronic diseases, introduced restricted entry for external associates and visitors, cancelled all events and meetings in order to avoid gatherings of large numbers of people in one place at one time, and changed the schedule of the canteen. All necessary preventive measures such as disinfection of the cabins of the technological vehicles, equipment, workrooms, and employees are provided for with the necessary number of antiseptics and facial protective masks. In accordance with the prohibition and special regime for movement on the territory of the Republic of North Macedonia due to the necessity of maintaining the continuity of operations, the enterprise received a government-issued permit for the movement of 310 employees to perform shift and night work. The permit shall be a confirmation of right of movement of the employees while under curfew.

Bucim donated €50,000 in support of North Macedonia’s fight against COVID-19 virus. €40,000 were transferred to the special donor account the Ministry of Health of the Republic of North Macedonia and an additional donation of €10,000 was given to the local health centers in the municipalities of Radovish, Shtip and Strumica. The enterprise has also donated protective equipment (PPE) for the protection of the health of the employees in the institutions in the municipalities of Radovish and Shtip. 450 medical face masks were donated to local institutions fighting coronavirus and 150 protective suits for the Regional Clinical Hospital in Shtip.

The planned production for 2020 is forecast to be 31,126 tonnes of copper concentrate and 675 tonnes of cathode copper of 99.99% quality. The production process at the Bucim plant in 2020 will be carried out according to two schemes: production of copper concentrate from the ore concession Bucim and from the ore body Borov Dol. The forecast volume of processed ore for 2020 from the Bucim concession area is 2.3 million tonnes. The company forecasts 2020 production of copper concentrate at 15,935 tonnes, containing 3,346 tonnes of copper and 195 kg of gold. From Borov Dol ore body, the forecast volume of processed ore is 1.476 million tonnes, and 15,191 tonnes of copper concentrate, containing 2,938 tonnes of copper.

Borov Dol project development update

In 2019, approximately 99.3% of the yearly plan for earth works on the open pit was completed. The construction of the main technological facilities began in the first half of 2019, of which works were completed in the following volumes: road – 100%; conveyor line and power lines of 20kV, earthworks – 83%, reinforced concrete work – 40%; a site of primary crushing and a closed ore warehouse, earthworks – 90%, reinforced concrete work – 95%.

Total investment in 2019 in the Borov Dol project was €33.6 million.

In 2019, Borov Dol began earth excavation work. 12.8 million tonnes of rock material were excavated. Total investment in excavation in 2019 was €11.7 million.

In 2019, Borov Dol spent €474,000 to design the project’s buildings and prepare for construction. The project includes installation of an ore transport system from the Borov Dol open pit to the Bucim flotation unit which was already purchased in 2019 from Sarl Techni France, and its expected to be finished in September 2020. Installation of the primary crushing equipment is expected to be finished in July 2020 by Metso Minerals. In 2019, contracts for the procurement of movable equipment from Komatsu, Caterpillar, Epiroc, Sandviks were entered into. Total investment in equipment in 2019 reached €14.1 million.

During the second half of 2019, after obtaining a permit for construction of a transport system route and power lines from the municipality of Radovish, the construction of a route connecting Borov Dol and Bucim began as the primary crushing building where primary crushing equipment will be installed. The road connecting Borov Dol to the regional road was constructed at the end 2019. Total investments in construction in 2019 were €6.3 million.

In 2019, paperwork began to be submitted for applications for permission to build the mine infrastructure: concession land was reassigned for construction purposes, permission was received from the Ministry of Environmental Protection to change river channels in order to protect surface waters, the urban design plans were adopted by Ministry of Transportation and Communication of North Macedonia, as the Architectonic Urbanistic Design.

In March 2019, Borov Dol and Komercijalna Banka AD Skopje concluded an agreement for granting a long-term loan in amount of €25 million, of which €14.8 million was used for the financing of the Metso and Techmi agreements as well the excavation works.

The average monthly net salary paid by Borov Dol in 2019 was €893, compared to the €585 average paid net salary in the mining industry in North Macedonia in 2019, and the country’s overall average net salary paid in 2019 of €410.

During the first quarter of 2020, the company continued working to advance its extension plans for the Borov Dol project, which is planned to extend the life of the existing Bucim DOO. At the beginning of the second quarter of 2020, Borov Dol received a construction permit. The Ministry of Transport and Communications of the Republic of North Macedonia issued a permit for the construction of the Borov Dol mining complex. The Borov Dol project will start operating by the end of third quarter of 2020.

In 2020, Borov Dol plans to excavate 12.728 million tonnes of material, including 1.729 million tonnes of ore, with average content of 0.303% of Cu and 0.268 g/t of Au. In 2020, Borov Dol plans to produce 2,938 tonnes of Cu in concentrate and 184 kg of Au in concentrate.

Total investments in 2020 are expected to be € 35,757,000, of which:

• Designing and administration procedures – € 667,000;
• Construction – €12.1 million;
• Equipment – €15 million;
• Excavation of material – €8 million.  

About Bucim DOO Radovish and Borov Dol

Bucim DOO Radovish is the only operating cooper mine in North Macedonia. The mine is the largest local employer in the region and is fully committed to its social and environmental responsibilities.

Borov Dol is the only newly developed ore body in North Macedonia to have been developed in the past 40 years. It will prolong the operations of the existing Bucim mine, thereby preserving jobs and contributing to the regional and state economies.

Since 2005, the Bucim mine has been a part of Solway Investment Group, which has enabled Bucim to pursue a new path and secured the mine’s long-term prospects. Solway Investment Group acquired the mine after having won the government’s international tender. 

The Ministry of Transport and Communications of Republic of North Macedonia has issued a permit to build the Borov Dol mining complex. After obtaining the building permit, the mine will begin construction of the facilities and will start operating in September this year.

Borov Dol will extend the life of the currently operating DOO Bucim to at least 2030. The Borov Dol mine will be beneficial for the local communities in three municipalities: Konche, Shtip and Radovish. These three municipalities will have a share in the exploitation and processing of ore; thereby each municipality will benefit financially on a concession basis.

The new project preserves the jobs of most of the employees currently engaged in Bucim’s operations, and also creates new job opportunities for the residents of the neighboring municipalities. A total of 307 miners are expected to be employed at the new extraction site. The projected life expectancy of the mine is currently estimated at 10 years, with the possibility of further extending the life of the mine.

To minimize the potential environmental impact, the infrastructure development plan uses most of the Bucim’s existing processing and storage facilities, while transporting the extracted ore via a 7 km long covered conveyer belt. To the new ore body, in cooperation with the Macedonian construction company DG Beton AD Skopje, will be built overflow pool from the surface pit, treatment plant, dam and accumulation, administrative building with a canteen and a medical center, a gas station, and road infrastructure will all be built in cooperation with Beton Skopje. The total cost of the Borov Dol project is estimated at €60 million.

“By getting the building permit, we can practically start realizing the construction of the necessary facilities. In this time of economic slowdown, however, we believe we will be able to secure the project’s timing and the Borov Dol mine will start operating as planned in September 2020,” commented Pavel Krivinsky, General Manager of the Borov Dol mine.