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Trafalgar
Resources,
potential
owner
of
mines
Zletovo
and
Toranica
Macedonian
Information
Agency
(Sep
06,
2004) (MIA)
-
US
company
"Trafalgar
Resources"
is
the
only
interested
buyer
at
the
tender
for
sale
of
lead-zinc
mines
"Zletovo"
from
Probistip"
and
"Toranica"
from
Kriva
Palanka.
According
to
the
financial
offers,
which
were
reviewed
Monday
by
the
mines'
trustees,
the
company
offers
Euro
207,000
for
"Zletovo"
and
Euro
830,000
for
"Toranica".
The
potential
owner
undertakes
the
obligation
to
restart
production
in
4-5
months.
The
submitted
business
plan
for
"Zletovo"
promises
investments
in
the
first
year
after
restarting
in
amount
of
US$
5,5
million
and
at
least
500
jobs.
The
investments
offered
by
the
company
for
"Toranica"
amount
at
US$
6
million
for
the
first
year,
and
US$
5
million
for
the
second
year,
as
well
as
employment
of
at
least
400
people.
"Trafalgar
Resources"
requires
that
the
state
covers
all
debts
of
"Zletovo"
and
a
guaranty
for
a
2,5km
security
zone
around
the
mine.
In
the
offer
for
"Toranica",
the
US
company
agrees
to
pay
the
mine's
mortgage.
The
assembly
of
trustees
will
decide
on
the
offers
on
September
17
and
21
respectively.
This
is
the
fourth
attempt
for
sale
of
"Zletovo"
and
"Toranica"
through
an
international
tender.
Until
their
liquidation,
"Zletovo"
employed
1,450
miners,
while
"Toranica"
578.
lv/ik/16:19/mia/MTnet/
###
©
2000
MIA
-
Macedonian
Information
Agency.
All
Rights
Reserved.
This
material
may
not
be
published,
broadcast,
rewritten
or
redistributed
in
any
form
except
with
the
prior
express
permission
of
Macedonian
Information
Agency.
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