Bumech will mine bauxite in Montenegro during 29 years

A consortium led by  WSE-listed Bumech and Grottech has inked a deal with Uniprom Metali for bauxite mining in Nikšić, Montenegro. The value of the contract amounts to €250 million (approximately PLN 1.1 billion). The agreement was agreed for a period of 29 years and  can not be terminated until Bumech and Grottech mine 16.7 million metric tons of bauxite. Bumech has acted for years in the machinery industry, specializing in a range of services, maintenance of operations and repair works of mining machinery and equipment. Since 2007, it has been professionally engaged in driving underground excavations in coal mines. Since 2009, the company has been listed on the WSE.