The Moldova Noua mine is located in the southwestern part of the Banat Mountains, close to the Serbian border.

Exploration of the copper-rich deposit began in the early 1970s. Ore was mined here until 2006, when the mining company "MINVEST" S.A. went bankrupt.

A Chinese mining company has recently expressed interest in the mine, which is located on a deposit that accounts for up to 60% of the EU´s total copper reserves.

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