Romania's Remin will put up for auction 506,540 tonnes of gold concentrate

Romania's insolvent National Mining Company Remin will put up for auction 506,540 tonnes of gold concentrate with a high arsenic content, the company announced on Friday, Xinhua reported.According to company manager Ovidiu Galca, besides the Romanian companies in the nonferrous...

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Romania's Remin will put up for auction 506,540 tonnes of gold concentrate



bne - 12.11.2012

Romania's insolvent National Mining Company Remin will put up for auction 506,540 tonnes of gold concentrate with a high arsenic content, the company announced on Friday, Xinhua reported.

According to company manager Ovidiu Galca, besides the Romanian companies in the nonferrous industry, companies from Australia, China and Switzerland will also take part in the auction scheduled for Nov. 12. The market value estimated by evaluating the gold concentrate is about $105 per dry metric tonne.

Source: bne


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