BUSINESSCOMPANIESENERGY

Cupru Min’s IPO planned for 2015, postponed. A national company of copper appeared as solution

By Anca Bernovici
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Cupru Min Abrud will not be listed next year on stock exchange anymore, but it will be included in a national company of copper, along with Minvest Deva and Moldomin said on Monday Economy Minister Constantin Nita in a press conference.

“The future national copper company will have to develop the steel work too, in addition to mining. It should not just sell raw materials, but also processing”, Nita added in a statement, after he will not find a place in the new government.

The sale of copper concentrate at Cupru Min failed last year in lack of any biding bids from the two companies which have showed their interest in the negotiation phase.

This May, Romanian authorities analyzed listing Cupru Min on the stock in 2015 as an ambitious solution. The government wanted to sell 15 percent of Cupru Min shares and secure the financing needed for investments in technology.

“I am a believer in transparent transactions on the exchange, that’s how we did it last year for energy and we had success so I am hoping we will be successful in this sector also”, Constantin Nita said at that time.

The main object of activity of Cupru Min is the extraction and processing of copper ores from Rosia Poieni deposit, with the exploitation of the copper concentrate. This activity is conducted in two large subunits, Rosia Poieni Quarry and Dealul Piciorului Processing Plant, granted for Rosia Poieni exploitation perimeter.

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Anca Bernovici

Anca Bernovici

I started my way in life with the intention to pursue a teaching career. But, after graduating from the Faculty of Letters – the University of Bucharest in 2004, my first job as a reporter at one of the leading newspapers in Romania changed my perspective. I have specialized in communication and communication campaigns, following the Master's courses at the Faculty of Journalism and Communication Studies (FJSC), attending a BBC Communications scholarship.
I’ve represented several important publications in Romania as business journalist, being accredited in the finance and banking field. In 2015, I had the opportunity to interview the International Monetary Fund (IMF) Mission Chief for Romania, Andrea Schaechter. As business journalist, I also had the opportunity to interview ministers for Economics and Commercial
Affairs offices within different embassies in Romania or officials of large companies investing on the domestic market.
After almost 15 years of journalism, I still want to explore new ways, to inform and stay updated. That’s why The Romania Journal project fits me so well.
Today I describe myself as a passionate about the history of world culture, having a PhD in Hebrew Culture and Civilization, after a scholarship at the University of Haifa International School, as a language addict, an environmental activist, pet lover and traveler.

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