Romania renews license for controversial gold mining projects, sets higher royalties

MINEX Forum | June 27, 2019
img0 Rosia Montană Gold Corporation (RMGC), the developer of the gold mining project at Roşia Montană, in western Romania, obtained from the country’s mineral resources agency ANRM an addendum to the concession license for the gold exploitation. The document extends the validity of the license for another five years and increases the fee charged by the ...

Turkish investor considers building copper smelter in Romania

MINEX Forum | June 6, 2019
img0 Turkish engineering, consultancy and project management company Sintek, also a producer of equipment for mining, oil, gas and cement industries, seeks a partnership with Romanian companies Cupru Min and Moldomin for building a copper smelter in Romania. The plant would process the copper concentrate extracted by Cupru Min and Moldomin, according to Profit.ro. The two state ...

One of the most environmentally responsible gold projects globally up 87% since the new year, Eurosun Romania

MINEX Forum | April 19, 2019
img0 When you think globally about gold and historical mining districts, places such as Timmins and James Bay in Canada, or Kalgoorlie in Western Australia come to mind. Europe gets overshadowed by these giants but did you know Romania has the second largest gold deposit in the European Union? Euro Sun Mining Inc. is a Canadian ...

Euro Sun details plan for Romania mine

MINEX Forum | February 21, 2019
img0 Euro Sun details plan for Romania mine Euro Sun Mining has completed a preliminary economic assessment (PEA) for the initial phase of development at the Rovina Valley gold/copper project, in Romania, detailing plans to produce 108 000 oz/y of gold and 13.3-million pounds a year of copper, or 139 000 oz/y gold equivalent. The PEA ...

Official Monitor of Romania Publishes Mining License for Euro Sun Mining’s Rovina Valley Project

MINEX Forum | November 29, 2018
img0 Euro Sun Mining Inc. announce that its mining license for the Rovina Valley Project has now been published in the Official Monitor of the Romanian Government. Decision regarding the approval of the Concession License no. 18.174 / 2015 of the mining activity of copper ore containing gold in the Rovina perimeter, Hunedoara County, concluded between ...

Romania concludes Rovina Valley licensing

MINEX Forum | November 20, 2018
img0 The Romanian government published the ratified mining licence for Euro Sun Mining’s Rovina Valley copper-gold project in the country’s Official Monitor, formally concluding the much delayed project licensing process. “We are focused on moving this project forward as quickly as possible to the benefit of all stakeholders,” CEO Scott Moore said. Despite hosting very low-grade ...

Romanian Prime minister to revoke the World Heritage site status to help Gabriel Resources

David McHutchon | August 31, 2017
img0 Image:  voanews.com Romanian Prime Minister Mihai Tudose plans to ask UNESCO to revoke the status of World Heritage site for the former mining town of Rosia Montana, as the nomination means important gold reserves can no longer be exploited, said mining.com. The application, submitted to UNESCO by the former government, was the last nail in the coffin for Canadian ...

Euro Sun Mining made one more step to the mining license in Romania

David McHutchon | August 4, 2017
img0 Euro Sun Mining Inc. (TSX:ESM) reports that the Romanian National Agency for Mineral Resources (“NAMR”) has issued an official notice to the Company announcing that the ratification process related to the mining licence of its Rovina Valley Project granted in May,2015, has been initiated. NAMR has completed their review and recommendations in the form of an ...

Gabriel Resources is planning to sue the Romania’s government for $4,4 billion

David McHutchon | June 30, 2017
img0 Image: euractiv.com Canada’s Gabriel Resources (TSX:GBU) is suing Romania for $4.4 billion in alleged losses over its long-stalled Rosia Montana gold and silver project, which the government of that country refused to approve following relentless protests, noted mining.com. The London, England-based miner said the suit would be filed Friday with a World Bank Tribunal. In the claim, ...

Romania’s National Agency for Mineral Resources to discuss approval for Rovina Valley

David McHutchon | June 12, 2017
img0 Euro Sun Mining Inc. (TSX:ESM) reported that in accordance with Romania’s public administration transparency laws, the National Agency for Mineral Resources (“NAMR”) will host a public meeting to discuss the draft Government decision approving the mining license of the Company’s Rovina Valley Project at its headquarters on June 19, 2017. G. Scott Moore, President and ...

Mining slides down deeper in Romania

David McHutchon | March 17, 2017
img0 Image: http://miningwatch.ro Local industry, the sector that represents almost a quarter of the Romanian economy, recorded an increase of 5.8% in January over the first month of 2016, said romania-insider.com. Mining continues to fall. The growth was supported by the strong advance in the manufacturing sector, according to data published yesterday by the National Statistics Institute ...