Cupru Min will receive over 43 million lei for investments, announced the Minister of Economy, Florin Spataru, while on a working visit to the company owned by the Ministry of Economy.

“Today you can see the results of the visit I made to Cupru Min, 4 months ago, when I spoke with the company’s management about the need for investments in technology, but also about works to raise the tailing pond dam. For these investments more than 43 million lei will be allocated, which represents 50% dividends, so that the investment projects will be started as quickly as possible,” said Florin Spătaru, quoted in a press release sent by the relevant ministry.

The Ministry of Economy initiated a memorandum, in accordance with the updated Government Ordinance no. 64/2001, regarding the distribution of profit to national companies, national companies and commercial companies with full or majority state capital, which promotes that Societatea Cupru Min SA benefit from a percentage of 50% payments to the state budget, representing dividends from the profit made in 2021, to ensure the own source of financing investments and supporting production.

“I will promote the memorandum for the distribution of 50% of the profit at the next Government meeting, and as soon as possible, we will also approve the Government Decision so that the money can be invested according to the management plan. One of the most important projects foreseen in the plan is to increase the storage capacity of the Valea Şesei tailings pond, so that the storage of flotation tailings is ensured in order to comply with environmental regulations. I also conveyed to the management of Cupru Min that I am waiting for a visit at the Ministry of Economy and with a plan for the capitalization of tailings, an essential stage in an integrated exploitation process,” added Florin Spătaru.