Reuters:Romania sells copper mine to Canadian group
Tuesday, March 27, 2012
Romania sold its biggest copper mine, Cupru Min Abrud, to Canada's Roman Copper Corp. for 200.8 million euros ($266 million) in a step forward for a long-delayed privatisation programme, the economy ministry said on Friday.The state-owned company has estimated reserves of 900,000 tonnes of copper, or about 60 percent of the European Union state's estimated copper reserves. The minimum price was set at 263.3 million lei ($80 million).Former communist countries across the emerging EU ...