Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS


The minister for economy: until now there have been invested 30% of the parts which could have uranium sources

Radioactiv Mineral Magurele, the only company for geological research of the state, estimates that the potential for uranium resources where so long has been invested in, reached almost 30% announced on Friday the  ministry of economy following the meeting with the representatives of the ministry and the leadership of the society.

The Radioactiv company  administers the parts of geological exploration of rare materials and radioactive ones and stocks the  national geological fund.

‘The representatives of Radioactiv Mineral reiterated the proposal to reorganise the company as a company of general economic interest and to revitalise the geological research for uranium. In Romania through the  National Geological Programme (PGN) measure included in the governing programme of 2017- 2020  shows a press release published on Friday on the site of the ministry of economy.

The executive approved in July the draft law regarding PGN.

Radioactiv Mineral identifies resources of uranium with economic potential through operations of prospection and exploration.

The society of strategic importance for the national economy  activates through two programmes through the ministry of economy: geological research and the closing down of the mines.

” ‘The representatives of the ministry expressed their wish that Radioactiv Mineral take part with their own solutions and be integrated and financed through PGN. According to the project, the financing of PGN will be ensured through  the state budget, the ministry of economy’ the press release says.

The possible works and results obtained by Radioactiv in the programme PGN will get into the property of the state and the administration of the ministry of economy.

‘The society takes measures starting with July 2017 to keep/sell of services to foreign partners, with a view to making some prospection activities and other forms of collaboration. Radioactiv Mineral estimates at about 2 million euro the financing of the company to develop its activity at an international level’ the officials of the ministry of economy said.

The representatives of the ministry of economy and the company agreed that the main investor interested is the Romanian state, which receives the necessary data for the development of the mining projects for the exploitation of the uranium’ the officials said.

The meeting on Friday is part of a series of evaluations of the current situation of the companies in the portfolio of the ministry, initiated a the end of October 2017.

At the discussions in the ministry of economy took part the state secretary Simona Teighiu-Jurg, councillers and experts in the specialty domain of the ministry and representatives of the Department for the privatisation and administration of the state shares’ (DPAPS).