Cupru Min SA Abrud Romania plans to invest RON 65 million next year and most of half of the money will be invested for finishing the acid waters neutralization plant “Another purpose is to value the mining through rare metals,” says the ministry on its official site The minister of economy Gheorghe Simon met this Friday with representatives of Cupru Min Abrud. They discussed about the investment strategy and development the company. This is the third meeting from a series that will continue in November between the minister and the companies’ officials The minister will evaluate their portfolios Cupru Min estimates this year the highest copper production in the company’s history The company also has 540 employees and holds 60 percent from Romania’s copper reserve Teodora Marinescu We use cookies for keeping our website reliable and secure providing social media features and to analyse how our website is used TEHRAN – A number of female drivers will take part in a vintage car rally on Wednesday to commemorate Sacred Defense Week as well as National Tourism Week Organized by the Touring & Automobile Club of the Islamic Republic of Iran (TACI) the two-day rally will be held between Tehran and the northern village of Namak Abrud Strict health protocols and social distancing will be observed during the rally which marks the beginning of the 1980-88 Iran–Iraq war is commemorated through several programs in Iran The Iraqi army invaded Iran on September 22 nearly 19 months after the Islamic Revolution The United Nations declared Iraq as the initiator of the conflict Sacred Defense Week is commemorated every year from September 21st which begins on World Tourism Day on September 27 every year aims at promoting and developing Iran’s tourism capacities.  It is also estimated for 2017 a gross profit five times higher than that obtained in the previous year Economy Minister Gheorghe Şimon has met with Cupru Min Abrud management with which he has discussed about the company’s investment and development strategy for the following period An aspect highlighted is the improvement of extraction yields and copper concentration in the extracted ore Increasing copper content has a direct positive impact in company’s income It also increased as a result of higher international quotations as well as due to the more advantageous contracts concluded in 2017 “It is very important that the only copper producer in Romania can comply with its investment program with the rules and laws on procurement and with the environmental rules the company must not forget the importance of human resources and work safety and not forget to reduce accidents and improve conditions and climate at work,” Minister Gheorghe Şimon said at the end of the meeting Cupru Min estimates for 2017 a record production of copper concentrate According to the business program for the period 2016 – 2018 Cupru Min plans to reach in 2018 a total value of mining products of RON 133mln (calculated at the quotation of USD 6,200/ton of copper and an exchange rate of RON 4.00/USD) a decline in consumption was recorded for most raw materials thus discouraging significant price increases copper becomes one of the most desired raw materials in the world being tempered only by the fact that the most indebted mining companies are willing however to keep this gem of the metal industry Experts believe that in 2018 copper price will grow Jamie founded Listverse due to an insatiable desire to share fascinating He has been a guest speaker on numerous national radio and television stations and is a five time published author the Romanian region that everyone knows thanks to Bram Stoker’s Dracula are quite annoyed by the fact that people have only heard about it from the novel some of the best universities in the country But that’s not all; Transylvania is also home to many mysterious places and legends that could easily inspire other novels the inhabitants of Hamelin find themselves unable to cope with a rat infestation a problem which is solved by a mysterious piper in exchange for money He gets rid of all the rats except for one with his magical tune which brainwashes all the children in Hamelin into following him Some legends say that they all drowned or jumped off a cliff while others simply don’t tell what happened to the children visitors can see both the well and its inscription in Turkish The Black Church in Brasov is one of the most beautiful Gothic constructions in Romania. It was damaged by a fire in the 17th century, hence the name. In the church, visitors can see both one of the most impressive organs in Europe and bullet holes from the violent revolution in 1989 On top of one of the exterior pillars is the statue of a little boy in danger of falling The rest of the builders decided to create the statue so that the talented young boy would not be forgotten making it a potentially lethal lie detector One says that merchants who cheated their customers were thrown off the bridge Girls who had lied about their purity before marriage were said to be thrown off the bridge it’s said that the bridge was a place where cadets would promise the moon and the stars to local girls before disappearing and probably forgetting the girls’ names It seems that the lord of the fortress, Francis Rakoczi, was successfully keeping an invading army at bay. In order to defeat him, the invaders sent a handsome officer to charm his daughter, who became so enamored that she revealed the existence of a secret tunnel Another, darker legend is that of the bottomless lakes, which swallow people without ever returning them One lake is said to have swallowed all of the guests at a wedding after they had tried to cross it during the winter supposedly has a hidden vortex able to drown even the most skilled swimmers as this ritual was said to help them get married within a year when one of the girls was pulled under the water in spite of the fact that she was tied to the shore with rope other legends talk about bloody pieces of flesh sometimes being seen at the surface of the water and the flower bouquet she was holding transformed into a stone cross which is said to be the one visitors can see in the church in Garbova The sad story inspired both a play and a poem urban planning was quite different from today there were a few cities that tried to stand out which still is one of the most important cities in Transylvania a “singing fountain” proved to be quite a unique source of entertainment The masterpiece was created by a very skilled artist and inventor Made of an ingeniously connected series of tubes the fountain was both an organ and a flute the people living in the city at the time could enjoy the music created by the flow of water the people in Cisnadioara took the phrase “till death do us part” very seriously Ana-Maria is a Romanian currently working in the start-up industry who spends most of her spare time feeding her passion for recent history and literature Romania is located in the southeastern region of Europe, and the nation’s capital is Bucharest. Romania has a rich history that has been influenced by regional powers. The nation has had considerable influence from the Romans and Ottomans The country's landscape is comprised of forested and mountainous areas as well as plains and hills Romania has a wide array of natural resources which include petroleum and rivers with immense hydroelectric potential The country produces significant amounts of alumina The country has mineral resource development potential The nation's economy is mainly based on the services sector which accounts for 59.4% of the GDP while agriculture and industry account for 6.4% and 34.2% of the GDP respectively The largest copper mine in the country is the Cupru Min Rosia Poieni mine located in Abrud The mine has an estimated 1,102 million tons of copper with 0.36% and 1.8% sulfur grading The mine’s ore extraction capacity was expected to rise to 16.5 million tons in 2015 from the previous 9.9 million tons in 2013 The Romanian government has in recent years attempted to enhance extraction from the mine to 19.8 million tons through partnerships Romania has significant gold deposits at Rosia Montana The Rosia Montana project is considered to have among the largest gold deposits in Europe The mine is estimated to have 203 tons of gold and 1,217 tons of silver The mine also has probable deposits of 515 tons of silver and 144 tons of gold The mine is expected to run for 16 years with a production capacity of 58.4 tons of silver and 16.5 tons of gold per year making the nation a considerable gold producer Production at the mine is expected to generate up to $40 billion in government revenue the project has faced opposition from the community and environmental groups The nation has lignite and bituminous coal deposits estimated to be 10,626 million tons and 2,684 million tons respectively The country produced about 25.2 million tons of lignite coal and 1.98 million tons of bituminous coal in 2013 which represented a drop in production The nation previously produced up to 35.3 million tons of lignite coal and 2.09 million tons of bituminous coal The drop in production was attributed to increased land acquisition and operational costs the government undertook the restructuring of the industry in a bid to address some of the challenges facing the sector The restructuring involved the vertical integration of mining operations with power plants to reduce costs Romania has an estimated 200 million barrels of proven oil deposits making it the fourth largest deposit in Europe The nation also has natural gas estimated to be about 130.6 trillion cubic feet The gas deposits are the fifth largest in Europe The country’s oil and natural gas production is estimated at 29.7 million barrels per year and 388 billion cubic feet respectively Despite the significant oil and gas deposits the nation remains a net oil and gas importer oil and natural gas imports amounted to 39 million barrels and 49.4 billion cubic feet respectively The imported oil goes to the nation's refineries which have double the domestic production capacity By the year 2013, Romania remained among the last remaining producers of uranium in Europe The nation had an estimated production capacity of 88 tons Uranium was mainly sourced from the Crucea deposit which had been under operation for 30 years The deposit was however seen to be nearing depletion The Baita mine in Bihor County was closed in 2009 The mine had been in operation since the 1950s and supplied its uranium to the Soviet Union In September 2013 the government announced a new mine close to Grinties in Neamt County At the time the mine required $130 million in investment The mine had an expected production of 124,000 tons per year A significant amount of uranium produced in the country is used in nuclear power generation Forestry in the country has been practiced for centuries The nation witnessed a shift from the production of raw timber to processed wood products which have higher value after WWII The exploitation of forests for lumber was significant in the nation in the 1980s Forests occupied about 27 % of the nation's territory often growing on steep slopes not favorable for cultivation Extensive forests were found in the Transylvanian and Carpathians Alps The country's reserves are comprised of hardwood such as sycamore Hardwoods account for an estimated 71% of forests while the remaining 29% is comprised of conifers such as larch Conifers grow at an elevation abound of 6,000 feet while hardwoods grow at elevations of about 4,600 feet Arable land is among the nation’s most valuable resources an estimated two-thirds of the nation's territory was dedicated to agriculture Approximately 19% of the agricultural land is dedicated to pasturage 41% of the land was used for crop production while 3% was utilized for orchard and vineyard Soils in the country are generally fertile Romania is expected to be among the largest FDI (Foreign Direct Investment) hot-spots in Europe by the year 2020 alongside countries such as Turkey Experts reckon that the nation’s natural resources coupled with low labor costs and privatization opportunities will be the main reasons why the nation will attract some of the highest FDI on the continent Some of the natural resources expected to attract significant investment include nickel The nation's economy is expected to grow at an average rate of 3% until the year 2025 photos and original descriptions © 2025 worldatlas.com