The deposit in Rovina contains 120 tons of gold and 100,000 tons of copper. This will be a 20-year investment with an inflow between $850 million and $1.2 billion, which is expected to create 600 new job opportunities in exploitation and another 1,400 in services, Sorin Vasilescu, prefect of Hunedoara county, told Mediafax.
The exploitation method will be the flotation, without using cyanides.
Samax Romania is registered in Baia Mare and posted a profit of RON1,650 in 2010. It employs 39 people, according to Finance Ministry’s data.
Samax Romania is indirectly owned by Carpathian Gold, through Samax Romania Limited, registered in the Virgin Islands. Carpathian also owns a mining exploitation license in Brazil.