Romania Mining Report 2016 - Business Monitor International - Industry Reports

Romania Mining Report 2016

Romania Mining Report 2016 - Business Monitor International - Industry Reports
Romania Mining Report 2016
Published Jul 09, 2016
42 pages — Published Jul 09, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

< ALACRA META ABSTRACT>BMI View: Romania s potential as an important centre for European mining remains undermined by a number of ongoing challenges. While efforts are being made on a governmental level to improve the business environment by reducing corruption and providing a steady economic platform from which to support private sector activity. However, this has only partly filtered through to the mining sector, where foreign operators continue to meet with a number of challenges. As well as a lingering infrastructure deficit, the government s opposition to Gabriel Resources Rosia Montana mining project highlights the opposition towards commercial mining ventures that still exists in the country and that has prevented the country from fully leveraging its significant resources. Pressure on the government to reduce its carbon emissions is meanwhile resulting in the steady decline of the coal mining industry. These obstacles aside, the anticipated commencement of activity at Eldorado Gold s Certej gold mining project later this year should lead to significant growth in gold production over the next few years.

...In April ----, Carpathian Gold announced it had undertaken a private placement worth a reported minimum of CAD--mn which will allow it to advance operations at the Rovina Valley gold mining project in Romania. In February, Romania s government declared that mining activity at the Rosia Montana gold mine was prohibited , declaring the surrounding region a historic site of national interest. ...In February, Romania s government declared that mining activity at the Rosia Montana gold mine was prohibited , declaring the surrounding region a historic site of national interest. Canada s Gabriel Resources had been trying to securing mining rights for the project for the past -- years and is reported to have invested USD---mn in exploration and feasibility studies. Commencement of mining activity at Eldorado s Certej mine should provide a substantial boost to Romania s overall gold output over the next few years. ...However, we forecast coal production to contract further due to the winding down of hard coal mining projects across the country. Output will fall by -.- in ----, falling from about -- million tonnes (mnt) in ---- to less than --mnt in ----.

...In April ----, Canada s Carpathian Gold announced it had undertaken a private placement worth a reported minimum of CAD--mn which will allow it to advance operations at the Rovina Valley gold mining project in Romania. However, in February ---- the Romanian government declared that mining activity at the Rosia Montana gold mine was prohibited due to the nearby village and surrounding region a historic site of national interest. ...

  
Source:
Document ID
1755-8530
Country
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Romania Mining Report 2016" Jul 09, 2016. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Romania-Mining-Report-2016-2026-234>
  
APA:
Business Monitor International - Industry Reports. (2016). Romania Mining Report 2016 Jul 09, 2016. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Romania-Mining-Report-2016-2026-234>
  
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