The business in Romania blog writes about the Romanian business landscape, doing business in Romania, investing in Romania business and debating on business issues in Romania. Check this Blog's Policy here.
Sitemap | Feedback | Doing Business in Romania report | Opening a Business in Romania | RSS for this Blog
Saturday, October 30, 2004
MinMet plc, the international mining and exploration group, announces that subsequent to an evaluation of its operation
in Romania, it has granted a Romanian licence to Transgold S.A ("Transgold"),
its partner in the Baia Mare project. This licence permits Transgold to utilise
the EMML Process on the existing Baia Mare project and also to investigate its
application on additional resources in Romania. Transgold will, in particular,
target the long established producing gold district of the Carpathian Belt.
Eurogold is a 50% shareholder in Transgold.
Under this new licence, all future operational aspects involving test work,
permitting, transportation of ore and processing in Romania will be financed by
Transgold. MinMet will continue to receive a modified royalty of up to US$2/t
for ongoing projects focused around Baia Mare and has agreed with Transgold an
additional royalty of US$10/oz of gold produced from new projects in Romania
utilising the EMML Process.
Posted by Mihai : 10/30/2004 02:24:00 pm
06/01/2004 - 07/01/2004
Logan to be exported
Resignations at ALRO
Bulgaria qualifies for EU, Romania should speed up...
The Business Romania Blog - purpose
Romania - land of counterfeits
Reader's Digest improvement in Romania
Romania avg m/m inflation at 0.8 pct in Q4-FinMin
Romania on second place for NATO
REGION: EU Forecasts Candidate Countries' Deficits...
Romanian Leaders now Online
Publications & Media
This website is proud to be designed by Mihai Dragan
I usually listen to THIS kind of music.