RSS
The government told IMF that they won’t sell CupruMin on the basis of the former government strategy
The government told the IMF that they won’t sell CupruMin on the basis of the former government strategy at a low price and against the strategic interests, but on the basis of a partnership private-public programme to be finalized in four months, premier Victor Ponta said.
“I told IMF that we won’t sell CupruMin as the Ungureanu government wanted to do it, for very little to an unknown company and against our strategic interests on medium and long term. We have included in the letter four months to come with a strategy to make environment investment and to put to value the copper resources, obviously in a private-public partnership, but which will make sure that the natural resources are under the decision of Romania” Ponta said at Antena 3.
Roman Copper a atacat în instan?? statul român, acuzând Oficiul Participa?iilor Statului ?i Privatiz?rii în Industrie (OPSPI) c? "a încetat unilateral discu?iile" cu firma canadian? pentru Cupru Min Abrud, de?i aceasta câ?tigase licita?ia pentru preluarea societ??ii miniere. Reprezentan?ii Roman Copper se declar?, totodat?, "încânta?i" c? noul premier al României, Victor Ponta, a anun?at c? respectarea legii este "prioritate zero" pentru cabinetul s?u.
Roman Copper attacked at the tribunal the Romanian state, accusing the Office for State Share and Privatisation in Industry (OPSPI) that “
The authorities announced that the bid for Cupru Min will be resumed in four months from the date when the environment agreement was issued, after the winning Canadian company lost the contract, as they refused to place in banking account a guarantee for the environment investments, to pay in a month the price for shares and to accept the publication of the privatization document.
The resumption of the process of privatization of Cupru Min was assumed in the discussions with IMF.
The initial bid was won by Roman Copper but later on the Canadian company Valhalla Resources got into a consortium with Roman Copper in the attempt to buy “CupruMIn”.
Roman Copper is owned by Bayfront Capital Partners ( Canada) and was set up last year, especially for participation in the privatization of CupruMin.
CupruMin owns the exploitation of Rosia Poieni, where there are concentrated 60% of the copper reserves of Romania.