Bulgarian mining and processing company Kaolin has signed a deal to buy 51% of a Ukrainian quartz mine for an undisclosed sum, the company announced in a press release June 2007, adding that the Ukrainian quartz mine made a profit of around 450,000 Euros in 2006. The capital of the Ukrainian mine will be increased after the deal is finalised and the funds raised will be used to build a silica sand plant. No further details were given.
Origin
Unknown
Journal Title
Gmpa Nov-Dec 2007 53
Sector
General
Class
G 3441