A new step was taken towards the opening of gold and copper On Friday, the Government of Romania adopted the decision regarding the approval of the concession license no.18.174 / 2015 of the mining activity for the copper ore containing gold in the Rovina perimeter, Hunedoara County, concluded between the National Agency for Mineral Resources and the Samax Trading Company LLC, according to a press release on the draft normative acts adopted or which the Government took note of at the meeting of the Romanian Government on 9 November 2018, published on the website of the Romanian Government. From 2015, the Samax Maramures company, with multiple offshore ownership, obtained the concession of Rovina mining perimeter in Hunedoara County. According to the project, reserves that can be extracted from Rovina over the next 20 years are estimated at five billion dollars, with the state collecting more than $ 300 million from the producer. About 200 tons of gold and over 635,000 tons of copper from Rovina, the second largest goldfield in Europe, according to specialists, would be extracted through exclusive private investment without the participation of the Romanian state. The state will receive royalties of 6% for gold and 5% for copper, which in the first twenty years of mining activity is over $ 300 million. The duration of the concession could then be extended for successive periods of five years, is shown in the project's grounding note.
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