Translation Part II (Sorry if it's not perfect, trying hard) 2. Expected changes
a) brief presentation of the purpose and content of normative act
b) the complete solution of this normative act
a) The purpose of issuing this draft normative act is the approval of the concession license, concluded on the basis of the Mining Law no. 85/2003, as subsequently amended and supplemented, and its entry into force as of the date of publication in the Official Gazette of Romania of the Government Decision.
The draft normative act contains a single article whose provisions consist in approving the concession of gold mining activities in the ROVINA perimeter, Hunedoara County.
An integral part of the draft normative act is also the concession license for the exploitation of copper ore containing gold in the RO VINA perimeter, Hunedoara County.
As a result of the negotiations, the following were agreed:
• the name of the perimeter: ROVINA;
• the area of the exploitation perimeter is 27,678 km2;
• the duration of the negotiated concession is 20 years contractually, with the right of extension for successive periods of 5 years;
• the mining product produced by the holder is copper-containing gold concentrate;
• the financial guarantee for the restoration of the damaged environment as a result of the mining operations is established in accordance with the technical instructions issued by the National Agency for Mineral Resources.
b) The present draft normative act, in the form elaborated and subject to adoption, will fully solve the purpose mentioned in point 2 a), respectively the approval of the concession license of the exploitation activity by a Government decision and its entry into force.
Section 3
The socio-economic impact of the draft normative act
1. Macroeconomic impact
The present draft normative act has no macroeconomic impact on the volume of goods and services production, price level, volume of imports and exports, employment rate, unemployment rate, competition environment and state aids.