Chelopech Mining EAD is a subsidiary of Dundee Precious Metals Inc. It is a copper-gold mining and processing operation that ultimately produces copper-gold concentrate. Plans include upgrading of the operation to 1.5 Mt per annum and metal production on the site.

The Chelopech Deposit is situated west of Chelopech village, in the north part of the Zlatitza valley at the foot of the Balkan Mountains and is 700 meters above the sea level. Geological studies of the deposit began as early as 1840. The Chelopech copper-gold mining and processing operation was commissioned in late 1950s with initial capacity of a few thousand tonnes. In the early 1970s, the mine was expanded and a new concentrator was build.

In 1991, changes in the environmental law forced the operation to temporarily stop functioning. In Dec. 1993, a joint venture between the fully state-owned Chelopech EOOD and Navan Resources Plc, later Navan Mining Plc, was established. Mine and mill reopened in 1994. In June 1999 the state-owned company is privatized to become Navan Chelopech AD.

Late in 2002, the parent Navan Mining Plc was put into receivership. After a due diligence the Dundee Group of Companies was selected a preferential buyer.

On September 30 2003, Dundee Precious Metals Inc. successfully closed the deal for the Bulgarian assets of Navan Mining Plc. On February 27, 2004, Chelopech Mining EAD and the Council of Ministers of Bulgaria signed an Amendment to the Mining Concession Agreement.