Article

Romania's Remin Baia Mare, under insolvency for 16 years and owing over EUR 100 million, is considering the evaluation of mineral resources in tailings ponds. The exploration, estimated to cost EUR 0.9 million, aims to identify recoverable quantities of gold, silver, copper, zinc, and other metals.

Approval has been granted by its largest creditor, the State Assets Administration Authority, to initiate procurement for related works. Before starting, Remin must secure exploration permits from the National Agency for Mineral Resources and the National Commission for the Safety of Dams. The total estimated quantity in the tailings ponds is about 44.7 million tonnes, with growing international demand for critical raw materials potentially increasing asset value.