Euro Sun Mining announced a significant milestone in the permitting process required under Romanian legislation to continue to advance the Rovina Valley Project.
With the issuance of the Avizul de Oportunitate, (approximate translation: opportunity opinion and/or permit), by the County Council of Hunedoara County, the Company is now approved to proceed to the next stage of permitting for the Rovina Valley Project, namely the Planul Urbanistic Zonal (‘PUZ’) or Certificate of Urbanism for Land.
The PUZ process takes the existing pastoral or forest lands and re-zones the required area for commercial activity. The definitive feasibility study, filed on April 14th, 2021, provided the necessary engineering details required for the submittal of the approximately 3,000-page application and ultimately approval of the permit.
As announced on April 5th, 2021, the Company officially initiated the Strategic Environmental Assessment (‘SEA’) with the Environmental Protection Agency of Hunedoara County (‘EPA’). The legislated eighteen-day period for public comment on initiation of the SEA has passed with no comments received by the EPA.
The Company and the EPA are now working towards receiving the agreements and/or opinions from all the administrative authorities for the environmental opinion on the PUZ and preparing for public consultations expected to occur in Q3 2021.
“We are pleased to see continued ongoing support by the Romanian state as they deliver approvals as required to move the Rovina Valley Project towards our construction start. Investor perception of Romania as a potentially unfriendly jurisdiction to mining is clearly not accurate as these approval milestones continue to demonstrate. Our Definitive Feasibility Study has outlined a generational asset that brings the highest environmental stewardship along with significant economic benefits directly to our local communities and to the County as a whole. The milestone permit now allows the company to proceed with the PUZ taking us another step closer to construction,” Scott Moore, Euro Sun’s CEO states.