Bratosin Hill

Name of mining area: Bratoşin Hill
Location: Vaţa de Jos (approximately), Hunedoara, Arad
License issuance date: concession license for exploitation
Project holder 2013: Valhalla Resources LTD
Shareholders: Valhalla Resources LTD (TSX:VH)
Data on the deposit: copper and gold
Project permitting stage:

Dealul Bratosin – general aspects

Since December 2008 Valhalla Resources Ltd. (25%), in association with Barrick Gold Romania (75%), performed exploration activities for the Dealul Bratoşin deposit. (link). In July 2011, the subsidiary of Barrick Gold Corporation withdrew from the association.  Valhalla Resources Ltd. is a shareholder in several companies in Romania, such as Valhalla Operations, Transylvania Minerals, Black Sea Resources, Tethyan Gold, Hoq Operations, Shoimul Resources and Vallachia Resources.

Vallachia Resources holds an exploration right and a concession license for the polymetallic ores at Corbeşti-Micăneşti (Hunedoara, Arad), while Hoq Operation held an exploration license at Highiş Sud (Arad).

România, mined field.

Mining is an industry with an extremely high stake for public policies and financial markets, but particularly for the directly affected communities and ecosystems. While the industry highlights its capacity to generate wealth and the use of modern technologies, the responsibility for the risks, costs and liabilities generated has never been fully assumed. The industry’s domination in the area of public policies prevented a change of the status-quo, and the local communities’ voice remains marginal in the public discourse. The shift of mining companies’ interest from large investment projects to smaller but more numerous projects has a major impact upon local communities, with public attention being thus dissipated in many directions and the permitting procedures being simplified.