Some mining companies active in Romania refuse to pay royalties, News
Some mining companies that hold licenses for mining concession in Romania have been refusing to pay the full royalties under the laws in force.
Most of the royalties have increased compared to when the concession licenses were granted. The companies have been paying only the initial amounts agreed upon with the state, reports local Profit.ro. They argue that the Romanian state has illegally increased the royalties.
These are the conclusions of the Government’s inspectors, following a control at the National Agency for Mineral Resources. The list of these companies is not public, but the total unpaid royalties amount to over EUR 8.5 million.
The royalties have increased twice since 2003, when the Mining Law was initially signed, namely in 2007 and 2013.
- June 14, 2023 The Serbian Institute for Critical Materials launches a regional mining platform for knowledge exchange
- April 24, 2023 Without sustainable mining, there is no renewable future
- March 25, 2023 Europe revives mining to reduce dependence on the import of key raw materials
- March 8, 2023 Calcium Carbonate Industry, Reshaping the Market Growth, Serbian supplier to match European industrial demand
- August 13, 2023 Environment South East Europe Watch temporarily suspends the activity
- August 9, 2023 Regional Coalition Aims to Protect Up to 400 Kilometres of Rivers Across Southeast Europe
- August 9, 2023 Meeting Serbia’s Energy Needs: A Smart Siting Map for Solar Power