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Cuprom is the sole producer of electrolytic
copper Copper is a chemical element with the symbol Cu (from la, cuprum) 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 ...
, continuous cast copper rod and enameled wire in
Romania Romania ( ; ro, România ) is a country located at the crossroads of Central, Eastern, and Southeastern Europe. It borders Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, Moldova to the east, a ...
and the largest in
Eastern Europe Eastern Europe is a subregion of the European continent. As a largely ambiguous term, it has a wide range of geopolitical, geographical, ethnic, cultural, and socio-economic connotations. The vast majority of the region is covered by Russia, wh ...
(outside
Russia Russia (, , ), or the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with its internationally recognised territory covering , and encompassing one-eigh ...
). Cuprom refinery in
Baia Mare Baia Mare ( , ; hu, Nagybánya; german: Frauenbach or Groß-Neustadt; la, Rivulus Dominarum) is a municipality along the Săsar River, in northwestern Romania; it is the capital of Maramureș County. The city lies in the region of Maramure� ...
has an annual production capacity of 40,000 tonnes of cathodes.
Cuprom plant in
Zalău Zalău (, unofficial and former official name: ro, Zălau (; german: Zillenmarkt or , hu, Zilah, tr, Zile) is the seat of Sălaj County, Romania. In 2011, its estimated population was 56,202. History Ancient times Zalău is situated in the ...
, using Contirod technology, is one of the leading
Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a subcontinent of Eurasia and it is located enti ...
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 ( , ; hu, Nagybánya; german: Frauenbach or Groß-Neustadt; la, Rivulus Dominarum) is a municipality along the Săsar River, in northwestern Romania; it is the capital of Maramureș County. The city lies in the region of Maramure� ...
was set up in the year 1907 in Ferneziu, near
Baia Mare Baia Mare ( , ; hu, Nagybánya; german: Frauenbach or Groß-Neustadt; la, Rivulus Dominarum) is a municipality along the Săsar River, in northwestern Romania; it is the capital of Maramureș County. The city lies in the region of Maramure� ...
, 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 fo ...
. It is recognised as a unique producer in
Romania Romania ( ; ro, România ) is a country located at the crossroads of Central, Eastern, and Southeastern Europe. It borders Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, Moldova to the east, a ...
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 with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile ...
and
silver Silver is a chemical element with the Symbol (chemistry), symbol Ag (from the Latin ', derived from the Proto-Indo-European wikt:Reconstruction:Proto-Indo-European/h₂erǵ-, ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, whi ...
respectively (min. 99.96% Au/Ag), having a production capacity of 12 tonnes/year for
gold Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile ...
, respectively 120 tonnes/year for
silver Silver is a chemical element with the Symbol (chemistry), symbol Ag (from the Latin ', derived from the Proto-Indo-European wikt:Reconstruction:Proto-Indo-European/h₂erǵ-, ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, whi ...
.


Cuprom Zalău

In
Romania Romania ( ; ro, România ) is a country located at the crossroads of Central, Eastern, and Southeastern Europe. It borders Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, Moldova to the east, a ...
, Cuprom
Zalău Zalău (, unofficial and former official name: ro, Zălau (; german: Zillenmarkt or , hu, Zilah, tr, Zile) is the seat of Sălaj County, Romania. In 2011, its estimated population was 56,202. History Ancient times Zalău is situated in the ...
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 ( ; ro, România ) is a country located at the crossroads of Central, Eastern, and Southeastern Europe. It borders Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, Moldova to the east, a ...
n
copper Copper is a chemical element with the symbol Cu (from la, cuprum) 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 ...
industry was in a state of collapse when in 2003 a group of
Romania Romania ( ; ro, România ) is a country located at the crossroads of Central, Eastern, and Southeastern Europe. It borders Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, Moldova to the east, a ...
n investors, two bankers (Horia Pitulea and Horia Simu) and a lawyer (Mircea Stroe), decided to buy everything. They formed Cuprom (
Romania Romania ( ; ro, România ) is a country located at the crossroads of Central, Eastern, and Southeastern Europe. It borders Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, Moldova to the east, a ...
n
copper Copper is a chemical element with the symbol Cu (from la, cuprum) 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 ...
) and with this company they bought Phoenix
Baia Mare Baia Mare ( , ; hu, Nagybánya; german: Frauenbach or Groß-Neustadt; la, Rivulus Dominarum) is a municipality along the Săsar River, in northwestern Romania; it is the capital of Maramureș County. The city lies in the region of Maramure� ...
and Elcond
Zalău Zalău (, unofficial and former official name: ro, Zălau (; german: Zillenmarkt or , hu, Zilah, tr, Zile) is the seat of Sălaj County, Romania. In 2011, its estimated population was 56,202. History Ancient times Zalău is situated in the ...
for a meager US$3.6 million . The company also wants to buy two
Romania Romania ( ; ro, România ) is a country located at the crossroads of Central, Eastern, and Southeastern Europe. It borders Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, Moldova to the east, a ...
n
copper Copper is a chemical element with the symbol Cu (from la, cuprum) 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 ...
mines to have the raw material for the copper smelters, and there are talks with the
Romania Romania ( ; ro, România ) is a country located at the crossroads of Central, Eastern, and Southeastern Europe. It borders Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, Moldova to the east, a ...
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 Serbia (, ; Serbian: , , ), officially the Republic of Serbia (Serbian: , , ), is a landlocked country in Southeastern and Central Europe, situated at the crossroads of the Pannonian Basin and the Balkans. It shares land borders with Hung ...
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 co ...
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 co ...
, the
Serbia Serbia (, ; Serbian: , , ), officially the Republic of Serbia (Serbian: , , ), is a landlocked country in Southeastern and Central Europe, situated at the crossroads of the Pannonian Basin and the Balkans. It shares land borders with Hung ...
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 co ...
was sold to
Austria Austria, , bar, Östareich officially the Republic of Austria, is a country in the southern part of Central Europe, lying in the Eastern Alps. It is a federation of nine states, one of which is the capital, Vienna, the most populous ...
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 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 Australi ...
from the then-defunct Cuprom facility in
Baia Mare Baia Mare ( , ; hu, Nagybánya; german: Frauenbach or Groß-Neustadt; la, Rivulus Dominarum) is a municipality along the Săsar River, in northwestern Romania; it is the capital of Maramureș County. The city lies in the region of Maramure� ...
to international metal traders, claiming it was "gold
r copper R, or r, is the eighteenth letter of the Latin alphabet, used in the modern English alphabet, the alphabets of other western European languages and others worldwide. Its name in English is ''ar'' (pronounced ), plural ''ars'', or in Irelan ...
concentrate." 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 common law adversarial system or the civil law inquisitorial system. The prosecution is the legal party responsible for presenting the case in a criminal trial ...
's office in
Constanța Constanța (, ; ; rup, Custantsa; bg, Кюстенджа, Kyustendzha, or bg, Констанца, Konstantsa, label=none; el, Κωνστάντζα, Kōnstántza, or el, Κωνστάντια, Kōnstántia, label=none; tr, Köstence), histo ...
filed an indictment against Boldor in June 2018 on charges of money laundering, customs fraud, document forgery, improper collection and transport of hazardous waste, and tax evasion.


References

{{Reflist


External links


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