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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.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

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