https://www.miningweekly.com

'Strong' local support for Euro Sun's Romania project

12th June 2017

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

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%

Edited by Creamer Media Reporter

Comments

Showroom

Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 
Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

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:0.688 0.759s - 106pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: