Article

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.