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Economic Dynamics and Sustainable Development – Resources, Factors, Structures and Policies

Proceedings ESPERA 2015 – Part 1 and Part 2

Edited By Luminita Chivu, Constantin Ciutacu, Valeriu Ioan-Franc and Jean-Vasile Andrei

The book is dedicated to the 150th anniversary of the Romanian Academy. It contains the most valuable 100 papers presented at the International Conference «Economic Scientific Research – Theoretical, Empirical and Practical Approaches» (ESPERA 2015). The event is initiated annually by the National Institute for Economic Research «Costin C. Kirițescu» of the Romanian Academy. ESPERA aim to present and evaluate the economic scientific research portfolio as well as to argue and substantiate development strategies, including European and global best practices. ESPERA intend to become a scientific support for the conceptualization and the establishment of policies and strategies and to provide a systematic, permanent, wide and challenging dialogue within the European area of economic and social research.

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Mining Industry in Romania – Tradition, Social Responsibility and Environmental Protection (Cristian Sima / Marius Bulearcă / Cornelia Neagu)

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Cristian Sima1, Marius Bulearcă2 & Cornelia Neagu3

Mining Industry in Romania – Tradition, Social Responsibility and Environmental Protection

Abstract: By 1950, minerals extraction in Romania had been adapted to the needs of the industry. At that time, the needs of industry were about 20,000 tons of ferrous metals derived from domestic production. In the coming years, especially after 1950, during the forced industrialization period, most of these deposits were exploited regardless of cost or subsidies needed for production to go on. In 1989, the non-ferrous ore mining industry reported the largest productions in history. This development was based, however, on poor resources in terms of quality. Later, the vast majority of mining exploitations proved economically unprofitable and closed. Under current conditions of scientific and technical development, a country’s economy is dependent on its technical capacity to turn these resources into highly processed products, and competitive on the external market. Given that commodity prices worldwide are growing and will grow increasingly more as resources will be exhausted, the correct assessment of the appropriateness of (re-)opening mining operations must be based on both economic factors, and the future value of the resource to be exploited.

Keywords: mining industry, natural resources, minerals, industrial development

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