'Strong' local support for Euro Sun's Romania project
JOHANNESBURG (miningweekly.com) – Romania’s National Agency for Mineral Resources will host a public meeting on June 19 to discuss the government’s draft approval of a mining licence for the Rovina Valley project.
Developed by TSX-listed Euro Sun, the gold and copper project is located in west-central Romania.
Euro Sun president and CEO Scott Moore said the company had received strong local support for the project. The company has received written letters of support from the local communities surrounding the project, as well as the county of Hunedoara.
He added that Euro Sun expected to be granted a licence following the meeting.
“Rovina is a discovery by the company and represents a multigenerational project using the highest environmental standards and without the use of cyanide. It will provide stable, high-paying employment and substantial economic benefits to the Romanian State,” said Scott.
An April 2010 preliminary economic assessment for the Rovina project estimates a mine operation with average yearly gold production of 196 000 oz over 19 years at cash costs of $379/oz gold. The project demonstrated a pre-tax net present value, at an 8% discount, of $316-million and an internal rate of return of 15.7%
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation