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Cuprom is the sole producer of electrolytic
copper Copper is a chemical element; it has symbol Cu (from Latin ) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkish-orang ...
, continuous cast copper rod and enameled wire in
Romania Romania is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern and Southeast Europe. It borders Ukraine to the north and east, Hungary to the west, Serbia to the southwest, Bulgaria to the south, Moldova to ...
and the largest in
Eastern Europe Eastern Europe is a subregion of the Europe, European continent. As a largely ambiguous term, it has a wide range of geopolitical, geographical, ethnic, cultural and socio-economic connotations. Its eastern boundary is marked by the Ural Mountain ...
(outside
Russia Russia, or the Russian Federation, is a country spanning Eastern Europe and North Asia. It is the list of countries and dependencies by area, largest country in the world, and extends across Time in Russia, eleven time zones, sharing Borders ...
). Cuprom refinery in
Baia Mare Baia Mare ( , ; ; ; ) is a Municipiu, city along the Săsar, Săsar River, in northwestern Romania; it is the capital of Maramureș County. The city lies in the region of Maramureș, a subregion of Transylvania. It is situated about from Buchare ...
has an annual production capacity of 40,000 tones of cathodes.
Cuprom plant in
Zalău Zalău (, unofficial and former official name: (; or , , ) is the seat of Sălaj County, Romania. In 2021, its estimated population was 52,359. History Ancient times Zalău is situated in the area inhabited by "Free Dacians", away from the h ...
, using Contirod technology, is one of the leading
Europe Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east ...
an wire rod producers with an annual production capacity of 70,000 tonnes of copper rod, also producing drawn, enameled and stranded (bunched) wires at the highest technological level.


Divisions


Cuprom Baia Mare

Cuprom
Baia Mare Baia Mare ( , ; ; ; ) is a Municipiu, city along the Săsar, Săsar River, in northwestern Romania; it is the capital of Maramureș County. The city lies in the region of Maramureș, a subregion of Transylvania. It is situated about from Buchare ...
was set up in the year 1907 in Ferneziu, near
Baia Mare Baia Mare ( , ; ; ; ) is a Municipiu, city along the Săsar, Săsar River, in northwestern Romania; it is the capital of Maramureș County. The city lies in the region of Maramureș, a subregion of Transylvania. It is situated about from Buchare ...
, as a private company producing
sulphuric acid Sulfuric acid (American spelling and the preferred IUPAC name) or sulphuric acid ( Commonwealth spelling), known in antiquity as oil of vitriol, is a mineral acid composed of the elements sulfur, oxygen, and hydrogen, with the molecular formu ...
. It is recognised as a unique producer in
Romania Romania is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern and Southeast Europe. It borders Ukraine to the north and east, Hungary to the west, Serbia to the southwest, Bulgaria to the south, Moldova to ...
of electrolytically refined copper (99.99% Cu), having a production capacity of 40,000 tones/year and of fine
gold Gold is a chemical element; it has chemical symbol Au (from Latin ) and atomic number 79. In its pure form, it is a brightness, bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal ...
and
silver Silver is a chemical element; it has Symbol (chemistry), symbol Ag () and atomic number 47. A soft, whitish-gray, lustrous transition metal, it exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal. ...
respectively (min. 99.96% Au/Ag), having a production capacity of 12 tonnes/year for
gold Gold is a chemical element; it has chemical symbol Au (from Latin ) and atomic number 79. In its pure form, it is a brightness, bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal ...
, respectively 120 tonnes/year for
silver Silver is a chemical element; it has Symbol (chemistry), symbol Ag () and atomic number 47. A soft, whitish-gray, lustrous transition metal, it exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal. ...
.


Cuprom Zalău

In
Romania Romania is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern and Southeast Europe. It borders Ukraine to the north and east, Hungary to the west, Serbia to the southwest, Bulgaria to the south, Moldova to ...
, Cuprom
Zalău Zalău (, unofficial and former official name: (; or , , ) is the seat of Sălaj County, Romania. In 2021, its estimated population was 52,359. History Ancient times Zalău is situated in the area inhabited by "Free Dacians", away from the h ...
is the sole producer of continuous cast copper wire with an annual nominal production of 73,000 tones/year.


Ownership

Most of the
Romania Romania is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern and Southeast Europe. It borders Ukraine to the north and east, Hungary to the west, Serbia to the southwest, Bulgaria to the south, Moldova to ...
n
copper Copper is a chemical element; it has symbol Cu (from Latin ) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkish-orang ...
industry was in a state of collapse when in 2003 a group of
Romania Romania is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern and Southeast Europe. It borders Ukraine to the north and east, Hungary to the west, Serbia to the southwest, Bulgaria to the south, Moldova to ...
n investors, two bankers (Horia Pitulea and Horia Simu) and a lawyer (Mircea Stroe), decided to buy everything. They formed Cuprom (
Romania Romania is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern and Southeast Europe. It borders Ukraine to the north and east, Hungary to the west, Serbia to the southwest, Bulgaria to the south, Moldova to ...
n
copper Copper is a chemical element; it has symbol Cu (from Latin ) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkish-orang ...
) and with this company they bought Phoenix
Baia Mare Baia Mare ( , ; ; ; ) is a Municipiu, city along the Săsar, Săsar River, in northwestern Romania; it is the capital of Maramureș County. The city lies in the region of Maramureș, a subregion of Transylvania. It is situated about from Buchare ...
and Elcond
Zalău Zalău (, unofficial and former official name: (; or , , ) is the seat of Sălaj County, Romania. In 2021, its estimated population was 52,359. History Ancient times Zalău is situated in the area inhabited by "Free Dacians", away from the h ...
for a meager US$3.6 million . The company also wants to buy two
Romania Romania is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern and Southeast Europe. It borders Ukraine to the north and east, Hungary to the west, Serbia to the southwest, Bulgaria to the south, Moldova to ...
n
copper Copper is a chemical element; it has symbol Cu (from Latin ) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkish-orang ...
mines to have the
raw material A raw material, also known as a feedstock, unprocessed material, or primary commodity, is a basic material that is used to produce goods, finished goods, energy, or intermediate materials/Intermediate goods that are feedstock for future finished ...
for the copper smelters, and there are talks with the
Romania Romania is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern and Southeast Europe. It borders Ukraine to the north and east, Hungary to the west, Serbia to the southwest, Bulgaria to the south, Moldova to ...
n government for two mines and an investment plan of US$370 million for both of them.


Controversy

In 2006 Cuprom won the bid for
Serbia , image_flag = Flag of Serbia.svg , national_motto = , image_coat = Coat of arms of Serbia.svg , national_anthem = () , image_map = , map_caption = Location of Serbia (gree ...
n company
RTB Bor Serbia Zijin Bor Copper, formerly known as RTB Bor, is a copper mining and smelting complex located in Bor, Serbia. History Formation and expansion The first geological explorations of copper ore in Bor area were conducted in 1897 and cove ...
with a total price of US$400 million and certain investments of US$150 million but due to Cuprom's inability to pay the asking price of US$400 million for
RTB Bor Serbia Zijin Bor Copper, formerly known as RTB Bor, is a copper mining and smelting complex located in Bor, Serbia. History Formation and expansion The first geological explorations of copper ore in Bor area were conducted in 1897 and cove ...
, the
Serbia , image_flag = Flag of Serbia.svg , national_motto = , image_coat = Coat of arms of Serbia.svg , national_anthem = () , image_map = , map_caption = Location of Serbia (gree ...
n government annexed the privatization. In November 2007,
RTB Bor Serbia Zijin Bor Copper, formerly known as RTB Bor, is a copper mining and smelting complex located in Bor, Serbia. History Formation and expansion The first geological explorations of copper ore in Bor area were conducted in 1897 and cove ...
was sold to
Austria Austria, formally the Republic of Austria, is a landlocked country in Central Europe, lying in the Eastern Alps. It is a federation of nine Federal states of Austria, states, of which the capital Vienna is the List of largest cities in Aust ...
n A-TEC for an even greater price of US$466 million, with a further US$273 million in investments, who in the end could not pay the price as well. In 2013,
Daniel Boldor Daniel Boldor (born Daniel Cristian Boldor) is a businessman from Baia Mare, Romania and CEO of Exiteco SRL, accused of fraud and forgery after his company sold thousands of tons of mining sludge to international metal traders as "gold r copperc ...
began selling thousands of tons of
mining sludge Mining sludge is the waste product of alluvial mining, and in particular hydraulic sluicing. It has been particularly prominent in gold fields in Australia and California in the nineteenth century. In the 1840s in California and 1850s in Australian ...
from the then-defunct Cuprom facility in
Baia Mare Baia Mare ( , ; ; ; ) is a Municipiu, city along the Săsar, Săsar River, in northwestern Romania; it is the capital of Maramureș County. The city lies in the region of Maramureș, a subregion of Transylvania. It is situated about from Buchare ...
to international metal traders, claiming it was "gold r copperconcentrate." After several clients claimed their shipments were worthless and that laboratory certificates had been forged, the
public prosecutor A prosecutor is a legal representative of the prosecution in states with either the adversarial system, which is adopted in common law, or inquisitorial system, which is adopted in civil law. The prosecution is the legal party responsible ...
's office in
Constanța Constanța (, , ) is a city in the Dobruja Historical regions of Romania, historical region of Romania. A port city, it is the capital of Constanța County and the country's Cities in Romania, fourth largest city and principal port on the Black ...
filed an indictment against Boldor in June 2018 on charges of money laundering, customs fraud, document forgery, improper collection and transport of
hazardous waste Hazardous waste is waste that must be handled properly to avoid damaging human health or the environment. Waste can be hazardous because it is Toxicity, toxic, Chemical reaction, reacts violently with other chemicals, or is Corrosion, corrosive, ...
, and
tax evasion Tax evasion or tax fraud is an illegal attempt to defeat the imposition of taxes by individuals, corporations, trusts, and others. Tax evasion often entails the deliberate misrepresentation of the taxpayer's affairs to the tax authorities to red ...
.


References

{{Reflist


External links


Copper bankers
Copper mining companies of Romania Metal companies of Romania Companies based in Bucharest