https://www.miningweekly.com
Construction|Copper|Gold|Mining|PROJECT|Environmental
Construction|Copper|Gold|Mining|PROJECT|Environmental
construction|copper|gold|mining|project|environmental

Euro Sun’s Rovina Valley licence fully approved

12th November 2018

By: Creamer Media Reporter

     

Font size: - +

Romanian Prime Minister Viorica Dăncilă has signed the mining licence for the Rovina Valley project, making TSX-listed Euro Sun Mining the first non-State-owned entity to have a ratified mining licence.

“The importance of this ratification cannot be overstated. Romania has now demonstrated an open and willing embrace for mining investment, one that is sure to attract significant interest not only in the Rovina Valley project, but for mining investment globally in Romania,” Euro Sun chairperson Stan Bharti said on Monday.

The company will now undertake the environmental and social impact assessment and will also continue the feasibility study, accelerating the Rovina Valley project towards a construction decision. 

The 2010 preliminary economic assessment outlined a robust project with an average gold production of 196 000 oz/y over 19 years with the first five years of production averaging 238 000 oz/y. Rovina Valley will also produce 49.4-million pounds a year of copper.

Meanwhile, Euro Sun announced the resignation of Guy Charette from its board of directors with immediate effect. Charette has been a director since 2003.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

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:0.121 0.158s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: