Romania's Remin to Evaluate Mineral Resources in Tailings Ponds Amid Insolvency
State-owned Remin Baia Mare, in insolvency for 16 years, plans to assess mineral resources in tailings ponds. The exploration, costing EUR 0.9 million, aims to identify recoverable metals including gold and copper. Approval has been secured from the State Assets Administration Authority to begin procurement for drilling and analyses. Remin must obtain exploration permits before proceeding. The estimated 44.7 million tonnes of material in the ponds could enhance asset value amid rising international interest in metals.
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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.
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