EUROPE
Nestled in the verdant hills of south eastern Macedonia are the villages of Ilovica and Shtuka which together sit on one of the nation ’ s largest copper-gold porphyry deposits . Spotting the opportunity to develop this lucrative resource back in 2012 after selling European Gold Fields to Eldorado Gold Corp , Canadian-owned Euromax Resources stepped up to the challenge and the current management team moved in . Four years down the line , and with all but one of the necessary permits and assessments completed , construction of a bulk tonnage open pit mine is almost ready for the go-ahead . Business Review Europe speaks to Patrick Forward , Chief Operating Officer at Euromax Resources , and examines how the project has been engineered to be a profitable success , and how the company has placed sustainability at its core .
“ We recognised it was actually a business necessity to get the project finance we want , but it is actually , I think we have proved it , relatively easy to do that ,” he says .
The Ilovica-Shtuka mine The long term goal of Euromax is to grow to become Europe ’ s leading gold and base metal mining company , with the Ilovica-Shtuka mine as its flagship project that will employ 500 locals . In line with this ambitious goal , the company and its experienced
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