All posts by : Kristina

On December 11, 2024, the second edition of the conference “The Economist MeetUp – The World Ahead 2025” was held at the Holiday Inn Hotel in Skopje. Bucim and Borov Dol highlighted their commitment to sustainable development and corporate social responsibility by participating in the panel “Responsibility for the Future: Investing in People and Local Communities.”  

The panel, moderated by Katerina Jordanovska Maneva, Marketing and Public Relations Manager at Croatia Insurance, emphasized the importance of human capital and local communities as the foundation for sustainable growth. Speakers Dr. Katerina Boshevska, Executive Director of Eos Matrix, Kristina Krsteva, Deputy Manager for Sustainable Development at Bucim – Borov Dol, and Zhanna Bazbi, psychologist and business consultant from London, discussed strategies for corporate social responsibility, as well as the role of education, training, and support for local initiatives in creating an inclusive and prosperous society.  

The discussion revealed that some companies in Macedonia are already implementing serious strategies for community investment and meeting global ESG standards. However, the social aspect remains underdeveloped, particularly in areas such as employee well-being and mental health care. 

Statement by Kristina Krsteva, Deputy Manager for Sustainable Development at Bucim – Borov Dol  “Companies that invest in their communities contribute to societal development and demonstrate their social responsibility. They foster growth even in areas with limited opportunities. The establishment of a company creates new jobs, which is the first visible positive effect. However, what often goes unnoticed is the broader impact on development. Purchasing from the local population encourages small and micro enterprises to grow. Technological advancement generates new demand, enabling local businesses to become independent and self-sustaining. Investments support this cycle of sustainable development, where each segment of the economy contributes to the advancement of others. ‘Bucim-Borov Dol’ exemplifies the application of ESG principles, particularly in investing in employee education and supporting local communities. By successfully combining traditional and modern approaches, the company demonstrates how responsible operations and sustainability can become integral to corporate culture.”

“The Economist MeetUp – The World Ahead 2025” served as a platform for leaders and visionaries to share ideas and strategies for the future. As participants, Bucim and Borov Dol once again reaffirmed their role as drivers of positive change and long-term prosperity.

As part of the global Movember initiative, aimed at raising awareness about men’s health, Bucim and Borov Dol Mines organized an educational session for their employees focused on men’s health. The event, led by medical professionals, highlighted the importance of early prevention, regular health check-ups, and healthy lifestyle habits.

“The health of our employees is not just a prerequisite for successful operations but the foundation of a sustainable future. As companies that care deeply about their workforce, Movember provides an opportunity to raise awareness about men’s health and promote preventive actions. As part of our commitment to sustainable development, we are proud to contribute to raising awareness and providing support to our employees,” stated Alexander Rakov, General Manager of Bucim and Borov Dol Mines.

The event garnered significant interest among employees, featuring active discussions and opportunities for individual consultations with medical experts. Bucim and Borov Dol Mines remain dedicated to ongoing education and activities aimed at improving employee health through regular medical check-ups, internal support programs, and initiatives that encourage a healthy lifestyle.

“The health of our employees is the foundation of a sustainable future for our companies and the communities we serve. Movember is just one of the many initiatives we undertake as part of our socially responsible practices,” added Kristina Krsteva, Deputy Manager for Sustainable Development.

This initiative is part of a broader corporate social responsibility strategy through which Bucim and Borov Dol Mines continue to contribute to creating positive change in society.

Interview with Ivica Karapetrov, Deputy Manager of Bucim and Borov Dol Copper Mines, Radovish

Ahead of this year’s The Economist MeetUp – The World in 2025, and the participation of Bucim and Borov Dol at this significant business conference, we speak with Ivica Karapetrov, Deputy Manager of the Bucim and Borov Dol mines, who shares insights into how these mines are shaping the mining sector in Macedonia. With extensive experience and a commitment to sustainability and innovation, the company is a driving force in the economic development of the region.

We discuss the challenges and achievements of 2024, key projects and initiatives, as well as the vision for the future of mining in Macedonia. Karapetrov highlights the projects that are shaping the company’s future direction and unveils plans for sustainable mining that meet global standards and expectations.

1. How would you describe 2024 in terms of the achievements and challenges the company faced? 

The year 2024 was a period of significant changes and development for Bucim Mine. We managed to maintain the stability of our production processes while focusing on sustainability and alignment with the latest international standards. Despite challenges such as the volatility of metal prices on global markets, increased operational costs, and the need to replace outdated equipment and traditional practices, our strategy of process optimization and sustainable resource management allowed us not only to sustain positive economic impact but also to initiate modernization projects. This year marked an important step towards aligning with global trends and laying a solid foundation for the company’s future growth.  

2. Which project or initiative would you highlight as the most significant for 2024, and what is its importance for the company’s future development?

2024 was marked by several key projects critical to the future development of Bucim Mine. One of the most significant was the initiation of work on a new processing unit for ore treatment – the flotation plant. This capital investment, worth over €10 million, represents a major step toward modernizing our production processes. The new flotation facility, which employs cutting-edge technologies, will enable optimized ore utilization and compliance with the highest standards of sustainable development. We expect the plant’s construction and trial operations to commence next year, marking a pivotal moment for the company’s growth.  

In 2024, we also began excavating a new ore body in the Northeast section of Bucim, which is planned for completion by 2025. This will revitalize mining operations for mineral extraction at Bucim, which were halted in 2021. 

Additionally, we initiated geological explorations for new ore reserves within Bucim Mine. If these studies confirm viable findings, they could extend Bucim Mine’s lifespan.  

Simultaneously, we are working on several projects aimed at improving environmental management and advancing production processes. These initiatives include controlling and reducing dust emissions, optimizing tailings management through the construction of efficient slurry pipelines, and acquiring sophisticated filter presses to enhance the quality of the final product – copper concentrate. Such solutions reduce the company’s environmental footprint while achieving higher efficiency and compliance with ESG (Environmental, Social, and Governance) principles.  

These projects not only demonstrate our commitment to innovation and sustainable practices but also reaffirm our strategic vision: to transform Bucim into a model of modern, responsible mining capable of meeting global standards and future challenges.  

3. What trends and challenges do you believe will have the greatest impact on the mining industry in 2025?

The year 2025 will be transformative for the mining industry, with dominant trends focusing on technological innovation and heightened environmental responsibility. The modern mining sector faces significant challenges requiring substantial changes and the integration of innovative approaches. This includes adopting best practices that maximize the utilization of valuable ore components, safe disposal and management of processing waste, and enhanced environmental sustainability. Furthermore, responsible management of depleted sites through complete reclamation is becoming a core principle of the industry.  

We anticipate considerable advancements in the application of digital technologies to optimize and manage production processes, as well as an increased integration of renewable energy sources, which will play a vital role in reducing the carbon footprint. Companies must also implement ESG standards for sustainable investment, which is now imperative in modern global mining. 

For Bucim and Borov Dol, aligning with these standards, encompassing responsible environmental, social, and corporate governance, is not just an obligation but a strategic opportunity for contemporary development and progress. 

On the other hand, the industry will face serious challenges, including geopolitical instability, especially in Europe, leading to fluctuations in global metal markets, as well as stricter environmental and regulatory standards. These challenges will require significant investments in research, advanced technologies, and continuous development of human capital. Our approach remains proactive, aiming not only to overcome these challenges but also to create value that meets the needs of current generations while preserving opportunities for future generations.  

4. What are the key strategic priorities for Bucim and Borov Dol in 2025?

In 2025, our strategic vision will focus on substantial change and modernization. The implementation of best available techniques and practices will enable us to improve production processes, reduce our environmental footprint, and align all aspects of our operations with the highest international sustainability standards.  

A primary focus will be the construction and commissioning of the new ore processing plant, which will enhance production efficiency, automate processes, and align with the highest industrial standards. Simultaneously, significant funds will be invested in detailed geological explorations at Bucim and Borov Dol to identify new ore reserves within the concessions. Additionally, investments will be made to replace Bucim’s equipment with new, technologically advanced machinery.  

In production process management, we plan to launch a monitoring center where all phases of production can be observed and managed from a single point.  

Recognizing the key role of human capital, we will continue organizing training, scholarships, and programs to enhance the skills of our employees, strengthening the company’s competitiveness and capacity for innovation. Furthermore, we remain committed to supporting the local community through infrastructure and educational initiatives that will contribute to the region’s long-term socioeconomic development.  

A special focus will be on developing a study for the disposal and management of processing waste, in collaboration with Goce Delchev University and renowned international partners. This project will extend the life of Bucim’s flotation plant while reducing the environmental impact associated with tailings. The project represents an innovative and sustainable approach, replacing outdated tailings disposal methods with advanced, environmentally friendly solutions.  

With a clear vision for the future, our goal is to position Bucim and Borov Dol as examples of modern and responsible mining that transcends traditional methods and sets new industry standards. Through the application of innovations and responsible resource management, we believe we can transform the mining sector into a sustainable and progressive model that addresses the challenges of the modern era.

https://faktor.mk/ivica-karapetrov-zamenik-upravitel-na-rudnicite-buchim-i-borov-dol-usoglasuvanjeto-so-esg-standardite-e-nasha-strateshka-opredelba-za-sovremen-razvoj-i-napredok-

Bucim and Borov Dol, as part of their commitment to sustainable development, joined the ecological initiative “Generalka Weekend,” supporting the reforestation project named “SONCHEVA GORA.”

The Deputy Manager of Bucim and Borov Dol, Ivica Karapetrov stated: “From the very beginning, we recognized the importance of ‘Generalka Weekend’ as an initiative that unites communities to contribute towards a greener and more sustainable future. We are proud, as companies, to be part of this story and, together with partners and volunteers, demonstrate that collective efforts can bring about positive changes to our environment. Our participation is yet another testament to our dedication to nature conservation and raising ecological awareness.”

“Generalka Weekend” is the largest ecological action in the country, organized by “Men and Mountain,” with the support of the Ministry of Environment and Spatial Planning and strategic partners from the business community.

Today’s event, which included the reforestation of “SONCHEVA GORA,” saw the participation of over 150 volunteers, including teams from Bucim and Borov Dol. Through their example, they highlighted the importance of teamwork and collective engagement in creating a green future.

With such initiatives, in just four years, over 125,000 trees have been planted, and 915,000 kilograms of waste collected, showcasing the power of shared responsibility and commitment to nature.

We are delighted to announce the successful completion of the “SONCHEVA GORA” reforestation initiative, held on November 29, 2024, in Radovish. This project was carried out in partnership with Man and Mountain and the Municipality of Radovish and marks a significant step toward our shared vision of creating a greener, healthier, and more sustainable future.

Key Highlights of the Initiative:

• Number of Trees Planted: 300 saplings of maple (Acer pseudoplatanoides) and linden (Tilia cordata), donated by Buchim and Borov Dol.
• Planting Locations: Parks and public areas across Radovish, as well as children’s parks in nearby villages: Kalugerica, Suldurci, Voislavci, Injovo, Oraovica, Podares, Pokraichevo, and Zleovo.
• Participants: Over 50 volunteers, including representatives from Man and Mountain, students from local schools, community members, and employees of the Bucim and Borov Dol mines.
• Key Location: “SONCHEVA GORA” – a symbolic area along the “8th of September” quay, where 100 trees were planted by Buchim and Borov Dol employees as part of their commitment to urban regeneration.

“SONCHEVA GORA” not only promotes tree planting but also emphasizes the importance of shared responsibility for nature and the community. This initiative is part of the ESG strategy of Bucim and the Borov Dol Mine. By increasing green areas in Radovish and the surrounding villages, we aim to enhance air quality, protect biodiversity, and create pleasant public spaces for our citizens.

We extend our heartfelt gratitude to Man and Mountain and the Municipality of Radovish for their enthusiasm, dedication, and collaboration. Special thanks also go to all the volunteers who participated in this initiative.

Together, we plant the future!

On November 6, 2024, the Borov Dol copper mine hosted a delegation from the Republic of Estonia as part of a knowledge and experience exchange program in the field of mining. The delegation included representatives from the Ministry of Climate, the Department of Mineral Resources, and the Geological Survey of Estonia, as well as representatives from the Geological Survey of the Republic of North Macedonia and the Ministry of Energy, Mining, and Mineral Resources.

The visit focused on familiarizing the delegation with Macedonian practices for mineral resource exploitation, the technical standards, and the regulatory frameworks implemented by Borov Dol mine.

“For us, this visit represents a significant step in strengthening international cooperation and promoting our mining practices. The Estonian guests showed great interest in the technological and environmental aspects of our mine, which further confirms that Borov Dol is one of the leading mines in the region,” said Ivica Karapetrov, Deputy Manager of Bucim and Borov Dol mines.

The visit concluded with a productive discussion on future collaboration opportunities, with a particular emphasis on developing sustainable mining practices and implementing innovative technologies.

With pride and gratitude, Bucim mine announces that it has been awarded the highest municipal recognition – the “6th of November” plaque, for its exceptional contribution to the development of the Municipality of Radovish. This prestigious accolade, symbolizing the highest respect and acknowledgment from the local community, represents the culmination of decades of dedicated work and investment in the municipality.

The “6th of November” plaque is more than just an award – it stands as a testament to the deep connection and partnership between Bucim Mine and the community of Radovish. Through continuous investments in the development of infrastructure, education, culture, and sports, the mine consistently works to improve the quality of life for all citizens.

At the formal ceremony, Bucim mine’s Deputy Manager, Ivica Karapetrov, stated: “Receiving this plaque is the highest affirmation of our mission to serve as a pillar of Radovish’s development. Every successful community is built on the foundations of mutual cooperation, trust, and support. This recognition motivates us even further to continue implementing projects that bring long-term benefits to the municipality. We are deeply grateful to the Municipality of Radovish for this honor and pledge to remain committed to the community in the future.”

Bucim mine remains dedicated to the principles of sustainable development and corporate social responsibility. Moving forward, the company will continue to support local initiatives, invest in innovations, and create new opportunities to strengthen the economic and social prosperity of the Municipality of Radovish.

Bucim and Borov Dol mines have launched an initiative to support individuals with intellectual disabilities, organizing a visit on October 2, 2024. During this visit, 15 users of the Center for Support of Persons with Intellectual Disabilities – PORAKA Radoviš, together with their companions, had the opportunity to learn about the mining activities and infrastructure of Borov Dol mine.

This visit is a significant step toward promoting an inclusive society, demonstrating Bucim and Borov Dol mines’ commitment to embracing diversity and providing equal opportunities for all members of the community. The aim of this initiative is to raise public awareness about the importance of integrating individuals with intellectual disabilities as equal and active members of society.

The members of PORAKA Radoviš were introduced to various aspects of mining operations, fostering their integration and inclusion in society. They visited the machine workshop, the Borov Dol mine pit, and the administrative building, where a short presentation on mining activities was organized. During the visit, participants were also provided with personal protective equipment for a safe tour of the mine. The visit concluded with a joint lunch at the Bucim mine.

Statement from the Deputy Manager of Bucim and Borov Dol Mines, Ivica Karapetrov: “Our mission extends beyond economic development; we are building communities that offer equal opportunities for every individual. Supporting people with intellectual disabilities is an integral part of our vision for sustainable development, which includes respecting and accepting diversity. Through this initiative, we aim to send the message that we are all responsible for creating an inclusive society that embraces and values all its members. We believe that by raising awareness about the importance of inclusion, we also encourage concrete steps towards creating an environment where everyone has equal opportunities to participate.”

Bucim and Borov Dol mines remain committed to supporting initiatives that promote inclusion, equality, and foster long-term sustainable development, with the goal of building a community that accepts each of its members, ensuring equality, respect, and opportunities for all.

Link to the video: https://youtu.be/-_nfc6T5rQc

Organized by the Bucim and Borov Dol mines, a celebration took place on August 28th in honor of Macedonian Miners’ Day. The event, attended by numerous guests, friends, and associates, highlighted the significant role that miners play in the development of Macedonia’s industry and economy.

During the ceremony, attendees were reminded of the historical significance of Miners’ Day, which commemorates the Lojane Miners’ Strike of 1929—a symbol of the struggle for miners’ rights and the unity of Macedonian miners. This day serves as a bridge between old and new generations, underscoring the importance of preserving the traditions and roots of Macedonian mining.

In his speech, Mr. Ivica Karapetrov, Deputy Manager of Bucim and Borov Dol, stressed that despite the challenges faced in recent times, the mines remain stable and sustainable enterprises with a bright future ahead. Karapetrov highlighted that each miner is crucial to the success of both the company and the community.

A special moment of the ceremony was the recognition of young geoscientists who recently achieved remarkable success at the 17th IESO 2024 World Geoscience Olympiad in Beijing, China. These young talents represented Macedonia on the global stage, returning with one silver and six bronze medals. Bucim and Borov Dol are particularly proud to support and promote these bright minds.

The event also served as a platform to raise donations for Sandra Dejanovska Krastev, a mother of two young children from Radovish who is battling a rare form of cancer, as well as for the reconstruction and support of the Monastery of St. Jovan Pretecha in the village of Slepce. This initiative reaffirmed the commitment of Buchim and Borov Dol to the local community.

In celebration of Macedonian Miners’ Day, all miners received cash bonuses, with the 21 best employees being awarded higher bonuses in recognition of their exceptional work.

The evening concluded with a concert in the center of Radovish, where attendees enjoyed performances by Igor Djambazov, Guru Hare Band, and the legendary Crvena Jabuka, rounding off the celebration with music and camaraderie.

Bucim and Borov Dol mines reiterated their unwavering support for miners, young talents, and the community. Happy Macedonian Miners’ Day! Good luck!

On the occasion of World Refugee Day, Bucim Radovish and the Institute for Protection of Monuments of Culture and Museum in Shtip initiated a public dialogue on the needs and challenges of young people who find themselves in difficult life circumstances.

As part of its community support program, Bucim is prioritizing projects aimed at the education, career development, and well-being of children and youth. These initiatives include career mentorship and apprenticeship activities for young people in surrounding communities, support for athletic and wellness projects, participation in the “Donate a Computer” program, and the distribution of food packages to families in need.

On World Refugee Day, Bucim and the Institute for Protection of Monuments of Culture and Museum in Shtip presented an exhibition aimed at highlighting the challenges and social needs faced by young people living through difficult life situations.

Scientific research shows that children in challenging life circumstances can’t progress until they feel they belong to and are part of a social group. To educate communities on how to help these youngsters integrate, young artists aged 11-17 from around the world volunteered their artworks that highlight the aspects of life and the depths of the human heart. To create “The Book of Humanity,” young artists were called to explore what being human means. Their artworks communicate the world’s cultural richness and the values of love, kindness, and friendship through images, drawings, sketches, films, photographs, and collages.

“The Book of Humanity” is part of the Global Ready2Print Gallery, an innovative concept that allows anyone to draw attention to the current humanitarian crisis by printing selected artworks and hosting a charity exhibition in their own space.

The project is curated by Petra Zublasing, an Italian Olympic athlete and professional illustrator, and a member of #creativefellowship who works in publishing and advertising. Previous exhibitions under her curatorship include:

2021: The Museum of Happiness, SAAS Gallery, London

2023: Be Your Own Hero, Apiano Community Center, Bolzano region, Italy

2023: Be Your Own Hero, Moliere Studio Theater, Vienna, Austria

This project is made possible thanks to:  Bucim (Macedonia), NI Institute for Protection of Cultural Monuments (Macedonia), Creative Fellowship Foundation s.r.o. (Slovakia), Monte Language School (Brazil), Attitude Studios Vienna (Austria), Le Salley Dialogue School (France), PROSPECTIS SAS (France), and Dot Shot Creative Agency (Slovakia).