Mundoro continues to have discussions with interested third parties seeking options on our available projects, confirming the growing interest in exploring in Timok
, Serbia as well as Bulgaria.
Dundeeas operating assets include the Chelopech and Ada Tepe mines in Bulgaria and Tsumeb specialty smelter in Namibia, as well as the development stage Timok
gold project in Serbia.
The company will focus on the construction of the Kamoa Copper Mine in DRC and the upper belt of the Timok
Copper Mine in Serbia, and actively promote the upgrade and expansion of the Kolwezi Copper Mine in DRC and the Bor Copper Mine in Serbia, and the operational integration of the Bisha zinc polymetallic mine in Eritrea.
Nevsun Resources is the 100% owner of the high-grade copper-gold Timok
Upper Zone and 60.4% owner of the Timok
Lower Zone in Serbia.
(TSX: NSU) (NYSE AMERICAN: NSU),the 100 percent owner of the high-grade copper-gold Timok
Upper Zone and 60.4 percent owner of the Timok
Lower Zone in Serbia, and China-based Zijin Mining Group Co.
Nevsun owns 60% of the Bisha copper mine in Eritrea, Africa and a 100% and 46% interest in the upper and lower zone, respectively, of the Timok
copper-gold mine in Serbia.
"We are off to an excellent start in 2018 as we benefit from the strong foundations that were laid at both Bisha and Timok
Nevertheless, all proposed or planned railroads will hardly be realized on a short-medium term, as investments are mainly focused on road infrastructures (The Regional Development Strategy of the Banat County 2009-2013; The Regional Development Strategy of the Timok
The Serbian Second Army, with the Timok
I, Sumidija II, and Morava II Divisions, launched a successful counterattack against elements of the Bulgarian 1st Division, driving the Bulgarians back some distance.
Although the situation is currently stable in Serbia, water levels of rivers Morava, Timok
and Ibar high and with more rainfall expected during the night, there is a threat of floods in surrounding cities and villages, arable land and private property.
One of these areas is Timocka Krajina (Timok
frontier) located in eastern Serbia, on the border with Bulgaria and Romania.
(26) Irinej Ciric (1884-1955) was the SOC bishop of Timok
and later of Backa.