Gold mine concession Certej in Romania changes operator in USD 30 mln deal
The Canadian company Eldorado Gold has agreed to the sale of the Romanian gold mining project Certej, in Hunedoara County, for a total amount of up to USD 30 million, Profit.ro announced. The new owner of the license, subject to an…
iulian ernst · Journalist
· Updated · 3 min read
The Canadian company Eldorado Gold has agreed to the sale of the Romanian gold mining project Certej, in Hunedoara County, for a total amount of up to USD 30 million, Profit.ro announced. The new owner of the license, subject to an extension request not settled yet, is Toronto Stock Exchange-listed Varvara Development Group (formerly O Rei Resources Corp), which pledged not to use hazardous technologies based on cyanides that prompted protests from non-government organisations and blocked the project.
Varvara Development has already employed key figures to speed up the project, which has been held up by bureaucratic and environmental obstacles.
