https://www.engineeringnews.co.za

Romania’s mineral resources agency endorses Rovina Valley project

4th August 2017

By: Creamer Media Reporter

     

Font size: - +

JOHANNESBURG (miningweekly.com) – The Romanian National Agency for Mineral Resources has endorsed the mining licence for the Rovina Valley project and has initiated the ratification process, TSX-listed Euro Sun reported on Thursday.

The mining licence for the exploitation of the Rovina Valley project requires the signatures of the Ministers of Economy, Environment, Justice and Finance. Once these signatures are obtained, the mining licence will be sent to the Secretary General of Parliament and to the Prime Minister for final signatures, before being published in the official government Gazette.

The company said the ratification process would take about 90 days, following which it would proceed to the initiation of an environmental impact study for the gold and copper project, in west-central Romania.

“As the first non-State-owned entity to have been issued a mining licence, we are committed to developing the Rovina Valley project as an example of responsible mining to the highest environmental standards, and in the process, provide meaningful economic impact to our local community partners and to the Romanian State,” Euro Sun president and CEO Scott Moore commented.

The Rovina Valley property hosts 10.84-million gold equivalent ounces (7.19-million ounces of gold grading 0.55 g/t and 1.42-million pounds of copper grading 0.16%), making it the second largest gold deposit in Europe.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.073 0.127s - 156pq - 2rq
Subscribe Now