Romania’s Rovina Valley Project — one of Europe’s largest gold-copper developments — is advancing steadily toward construction, with a final Environmental Impact Assessment (EIA) submission expected in the coming months. The project, operated by Toronto-listed Euro Sun Mining, is strategically located in the country’s historic mining region and holds an estimated 10.4 million gold-equivalent ounces.
CEO Grant Sabor described the deposit as “one big block of uniform copper and gold,” making it exceptionally predictable and operationally low-risk. The site’s porphyry-style mineralization supports long-term, stable production.
The project is also a pillar of the EU’s Critical Raw Materials Act (CRMA), having received strategic designation that streamlines permitting timelines and places it within Europe’s priority infrastructure. The CRMA aims to reduce the bloc’s reliance on foreign imports by supporting domestic mining initiatives with clear regulatory paths.
A major financial breakthrough was secured through a $200 million facility agreement with global commodity trader Trafigura. The partnership also includes plans for an additional $200 million in debt financing, supporting full-scale development. Sabor emphasized the deal’s non-dilutive structure and strategic value beyond capital.
Operational milestones in the next 12 months include finalizing government approvals, acquiring remaining land, and preparing for construction. Once fully permitted, Rovina Valley is expected to become the largest mine development in Romania in over 40 years.
Despite previous permitting delays and financing difficulties, the project is poised to deliver hundreds of local jobs, bolster Romania’s fiscal position, and contribute significantly to European mineral supply security.
