Romanian Pvt Auth To Put Up For Sale Mining Cos Cuprumin, Moldomin

“We will announce Cuprumin’s privatization on Monday and hope to announce Moldomin’s privatization in the following week as well,” Atanasiu said.

The two companies, together with Minvest Deva, Baita Stei, located in the central part of the country, and Remin Baia Mare and Minbucovina Vatra Dornei, in the northern Romania, were transferred in 2007 from the Ministry of Economy and Finance to AVAS’s portfolio.

For Cupromin and Moldomin, the Ministry of Economy and Finance closed cooperation contracts with the Cuprom Energomineral and Ipronef mining concerns before transferring the companies to AVAS, and engaged itself to invest more than EUR240 million in the next five years.