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MPR Partners Successful for Amerocap-Backed Verde Magnesium on Romanian Magnesium Mining Perimeter Concession

MPR Partners Successful for Amerocap-Backed Verde Magnesium on Romanian Magnesium Mining Perimeter Concession

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MPR Partners has advised Bucharest-based mining company Verde Magnesium on its successful bid in the public tender organized by the National Agency for Mineral Resources of Romania for concession rights on a magnesium mining perimeter in Western Romania.

According to the firm, the mining license will be signed soon, the initial investment into the disused mine and renewable-energy-powered magnesium processing facilities is estimated at USD 1 billion, and production is set to start in 2027.

Verde Magnesium is a Bucharest-based mining company backed by US-based private equity investor Amerocap.

"We are looking forward to signing the mining license soon," Verde Magnesium CEO Alexandru Rosu commented. "This will allow us to start implementing our project with the ambitious goal of delivering a local green solution to the EU's industry supply chains for metallic magnesium."

The MPR Partners team was led by Partner Dana Radulescu and included Founding Partner Gelu Maravela, Partner Anca Baitan, and Associate Carmen Banica.

MPR Partners did not respond to our inquiry on the matter.

MPR Partners at a Glance

With offices in London and Bucharest, MPR Partners is an internationally recommended and award-winning law firm with a client-friendly, business-oriented and innovative approach. The firm’s recognition comes from outstanding client feedback and reputed legal ranking and business publications at both international and local levels, as well as from its peers. With swift access to an extensive network of legal and tax professionals throughout the European Union (EU) and worldwide, an award-winning management team, competitive business terms and outstanding feedback from large corporations and international law firms, MPR Partners is a firm of choice for proficiently handled business law, tax and insolvency matters across the EU and beyond.

Find out more from our official website www.mprpartners.com