Romanian Prospectiuni Inks Exploration Deal For Seven Blocks In Senegal
Prospectiuni (PRSN.RO), a company owned by Romanian businessman Ovidiu Tender, obtained prospecting permits from the Senegal government for seven blocks, seeking gold, heavy metals and rare metals starting January 2012.
“We have won seven exploration and mining permits, including four for phosphates and the others for titanium, zircon, gold, copper and lithium, all in Senegal. In January 2012 we will begin prospecting on the phosphate and gold blocks,” Tender said.
At the same time, Prospectiuni concluded a memorandum with Senegal’s national oil company, Petrosen, to create a joint venture called Petro-Prospect.
The newly formed company will be registered in Dakar and it will be 51% owned by Petrosen.
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