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Euro Sun Mining Inc T.ESM

Alternate Symbol(s):  CPNFF

Euro Sun Mining Inc. is a Canada-based mining company. The Company is focused on the exploration and development of its 100%-owned Rovina Valley gold and copper project located in west-central Romania. The Company holds the Rovina Valley Project through a mining license which covers a total of 27.68 square kilometers (km2). The Rovina Valley Project consists of three copper-gold porphyry systems referred to as Rovina, Colnic and Ciresata. The Colnic Deposit is located approximately 2.5 km south of the Rovina Deposit and the Ciresata Deposit is approximately 4 km south of the Colnic Deposit. The Rovina gold deposit holds about 400 million tons of confirmed resources containing 7.0 million ounces of gold and 1.4 billion pounds of copper.


TSX:ESM - Post by User

Comment by goldroon Dec 29, 2022 11:41am
673 Views
Post# 35195334

RE:RE:Court stops (at least temporarily) Rovina

RE:RE:Court stops (at least temporarily) RovinaI live in Romania. Unfortunately this is game over for Euro Sun Mining. The court suspended the Environmental Permit on 8th of December (this means that the judge admitted that there could be some illegalities) and it will take about 1 year to judge this at Tribunalul Cluj and even if they succeed another year at Court of Appeal. So the permits are delayed at least 2 years... if they will win the trial. If they will lose ESM is back almost to square 1, and it will mean bancruptcy for sure. I don't know how the company can survive. The NGOs will take into court every successful decision ESM could receive like PUZ, EIA, construction permit, etc, etc. The pure truth is that with the current laws it's impossible for a private company to build a mine in Romania. If one or a few people don't want to sell the land you cannot do anything, you cannot expropriate. And read the papers they submitted to Hunedoara Agency, 70% of the lands are owned by individuals.

Environmenal Permit Submission

They always refused to answer a simple question. What happens if ONE person don't want to sell the land? The answer is simple, you cannot do anything today, the project is blocked and that is it.

ESM was only a vehicle for some people to earn big paychecks, they KNEW that it's impossible to build a mine. Scott Moore resigned 10 days before the court decision.

The suspension of the Environmental Permit&amp;lt;br /&amp;gt; [url=https://portal.just.ro/33/SitePages/dosar.aspx?id_inst=33&amp;amp;amp;id_dosar=11700000000159255]https://portal.just.ro/33/SitePages/dosar.aspx?id_inst=33&amp;amp;amp;id_dosar=11700000000159255[/url]&amp;lt;br /&amp;gt; &amp;lt;br /&amp;gt;&lt;br /&gt; &lt;br /&gt; The trial that will start in 2023 (usually it takes about 2 years)&amp;lt;br /&amp;gt; &amp;lt;br /&amp;gt;&lt;br /&gt; &lt;br /&gt; [url=https://portal.just.ro/117/SitePages/dosar.aspx?id_inst=117&amp;amp;id_dosar=11700000000160697]https://portal.just.ro/117/SitePages/dosar.aspx?id_inst=117&amp;amp;id_dosar=11700000000160697[/url]&lt;/div&gt;</div>
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