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Solvay Buys Fluorspar Mine in Bulgaria

5:49 AM MST | February 22, 2011 | Ian Young

Solvay has acquired a fluorspar mine at Chiprovtsi, Bulgaria from the N&N Group. The deal, terms of which were not disclosed, reinforces the vertical integration of Solvay's fluorinated specialty polymers and fluorinated special chemicals production at a competitive cost, Solvay says. The transaction includes the transfer of all fluorspar concession and exploration rights to Solvay. The company intends to increase production at the mine from an unspecified level to at least 50,000 m.t./year of acid-grade fluorspar by the end of 2011. The mine in Bulgaria adds...

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