At the press conference on March 27, 2018, the Prime Minister of Macedonia announced the Government’s decision to unilaterally terminate the concession contract for exploitation in Kazandol area, therefore works at the mine were stopped.

Sardich MC apologizes to employees and partners affected by this illegal decision.

Investors of the company, who were extremely dissatisfied with the situation, had to initiate an international arbitration at the World Bank’s International Center for the Settlement of Investment Disputes (ICSID) against the Government of the Republic of Macedonia in order to protect their rights and recover damages.