US investor Quintana Minerals Corporation eyes Energy Complex of Hunedoara

US company Quintana Minerals Corporation is interested in the privatization of coal and electricity producer Hunedoara Energy Complex (CEH), demanding Romanian Department of Energy more information in this respect about the public company.

“I think it’s important that CEH become interesting for a mining profile company like Quintana is, more than one with a power profile, precisely due to Hunedoara society particularities. I hope the Government and the Ministry along with CEH leadership to exploit these positive signals coming from overseas,” said on Monday Minister for Energy, Razvan Nicolescu, recently sacked from the future government, Mediafax informs. Nicolescu argued CEH is urgently needed money for investment, but also a better management team to demonstrate professional integrity.

This September Razvan Nicolescu met in Houston representatives of several US companies, also had a first discussion with Corbin Robertson, President Quintana Minerals Corporation. Subsequently, the American company sent a letter to Romanian Government expressing its interest in Oltenia Energy Complex.

Quintana Minerals Corporation (“QMC”) is the management company for a portfolio of energy and natural resources-based private and publicly-traded companies controlled and/or operated by the Corbin J. Robertson Jr. family. The company was formed in 1963 as a division of Quintana Petroleum Corp. and has actively developed and operated precious and industrial metals/minerals projects throughout the Americas.

This news comes as a breath after last week when about 100 miners were protesting in front of the CEH’s HQ in Petrosani asking for the management resignation, dissatisfied with the lack of work outfit, arguing that their bosses’ lies and incompetence are jeopardizing their jobs.