Business in Romania blog
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.



Tuesday, January 11, 2005
Business in Romania blog
The Romanian subsidiary of the Canadian company European Goldfields Limited won a public auction for the right to extract gold from the Cainel mine in the Western Carpathians.

The National Agency for Mineral Resources organized an auction attended by three companies.

European Goldfields Romania SRL obtained a three-year license which may be extended by an additional three years. The license permits gold extraction from an area of around 31 square kilometers, ten kilometers outside the Certej area, where European Goldfields Romania owns 80% of the rights.

European Goldfields Limited will cede the rights for the Zlatna area, where work started in 1999 did not prove to be profitable. However, the company will focus on the Certej and Cainel gold mining areas.

European Goldfields has five mineral extraction areas in Romania. The Canadian company was founded in 2000 by the reorganization of Gabriel Resources Ltd., a Canadian company involved in work on the largest gold and silver mines in Rosia Montana, Western Romania.


Posted by Iulia Rasoiu : 1/11/2005 09:23:00 am Canadian company European Goldfields Limited expands the right to extract gold
Business in Romania blog
Business in Romania blog


Business Archives

06/01/2004 - 07/01/2004
08/01/2004 - 09/01/2004
09/01/2004 - 10/01/2004
10/01/2004 - 11/01/2004
11/01/2004 - 12/01/2004
12/01/2004 - 01/01/2005
01/01/2005 - 02/01/2005
02/01/2005 - 03/01/2005
03/01/2005 - 04/01/2005
04/01/2005 - 05/01/2005
05/01/2005 - 06/01/2005
06/01/2005 - 07/01/2005
07/01/2005 - 08/01/2005
08/01/2005 - 09/01/2005
09/01/2005 - 10/01/2005
10/01/2005 - 11/01/2005
11/01/2005 - 12/01/2005
12/01/2005 - 01/01/2006
01/01/2006 - 02/01/2006
02/01/2006 - 03/01/2006


www.flickr.com
This is a Flickr badge showing public photos from Mihai Botea. Make you own badge here.


Add Business in Romania to My Yahoo!
Google


Previous Posts

Links

Business in Romania Feed Burner
 

Business in Romania is powered by Blogger

This website is proud to be designed by Mihai Dragan

I usually listen to THIS kind of music.