Company "Cuprom" from Romania intends to invest up to 200m USD in Mining Smeltery Basin "Bor"

- Romanian company "Cuprom" plans to invest up to 200m USD, if it wins on the tender, into the reconstruction of facilities and the commencement of production in the Mining Smeltery Basin (RTB) "Bor", in addition to the previously offered price of 400m USD - the President of company "Cuprom", Horia Simu, stated.

With the reminder that the Privatization Agency had announced that the decision about the winner on the tender would be published on Friday, December 22, Simu said that "Cuprom" had given the best offer and that that sum had been provided with the financial support from American bank "Merrill Lynch" and German "Deutsche bank".

"Cuprom" plans to invest into the reconstruction of the copper smeltery, the refinery unit, the reconstruction of existing and the opening of new mines in Bor, installation of new technology in the smeltery and broadening of capacities of RTB.