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October 23, 2021

Procedures for selling CupruMin’s copper concentrate postponed by 30 days

The Ministry of Economy, currently headed by Daniel Chitoiu, has decided to postpone by 30 days the procedures for selling the 7-year production of copper concentrate from Romania’s biggest copper miner CupruMin, having a value of minimum EUR 346 M, zf.ro reports.
The ministry’s officials said they made this decision in order to allow a thorough analysis of the strategy and procedure, as well as the reconfirmation of the mandate given by the future economy minister, with a view to looking after the interests of the Romanian state and CupruMin in the best way possible. The negotiations with the bidders interested in buying the copper concentrate had to be launched on October 14, and the first-price sealed-bid auction had to take place on October 21.

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