“We will resume and finalize the entire sale procedure after the company gets the required environmental permit,” said Chitoiu, who was heard by parliamentary committees Monday morning and was endorsed for economy minister.
Chitoiu said Sunday after talks with officials of the IMF and EU Cupru Min is to be reevaluated and requires an environmental permit before the auction to sell it can be resumed.
Roman Copper, owned by Toronto-headquartered investment bank Bayfront Capital Partners, won an outcry auction to buy 100% in Cupru Min Abrud for EUR200.77 million. The purchase contract was due for signing on April 6, but the Romanian Government said the deal was cancelled because the two parties could not reach a satisfying agreement on the terms of the deal.