Oltchim to be privatized in September, Cupru Min auction to be resumed
July 2012 - From the Print Edition
The new minister of economy, Daniel Chitoiu, has agreed in a meeting with IMF and European Commission representatives to ensure Oltchim is privatized in September and that the auction of Cupru Min goes ahead immediately after the reevaluation of the company and environmental consulting. Asked when the tender for Cupru Min will resume, Chitoiu said that this would happen immediately after the Ministry of Environment provides the environmental documentation. “We must resume immediately, within four months. There will be a review of Copper Min after we receive notice of the environmental aspects and the tender will resume,” said Chitoiu. He added that the privatization of Oltchim will happen this autumn. “For Oltchim I will hire private management by June and in late September the privatization will go ahead,” said the minister.
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