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Creating local livelihoods
Safeguarding our environment
Growing Romania’s economy

VarDev is Romania’s ethical partner in the development of its mineral resources. We prioritize environmental stewardship and the safety of our staff and our neighbours, and delivering enduring value and opportunity for our host communities through open and continuous dialogue.

The Certej Project

VarDev is focused on the redevelopment of the Certej Mine in Hunedoara County, reinvigorating and modernising one of Romania’s traditional industries. The redevelopment of the Certej mine will advance Romania’s importance as a source of critical minerals within the European Union.

Above all, by applying modern and responsible mining practices, VarDev can significantly contribute to the sustainable development of Romania’s mineral resources and the economies of Certeju de Sus and Hunedoara County. The project is designed as a cyanide free operation. Mine waste rock and mineral processing residue (tailings) will be de-watered and stored separately in dedicated locations designed for maximum safety and environmental protection.

VarDev and the Certej project are owned 19.25% by the Romanian state.

VarDev’s investment in Certej can include the following benefits:

  • Over 400 direct jobs

Over 400 long-term jobs during operations and an estimated 1000 jobs during construction, prioritising hiring from the local community.

  • Reforestation​
Our goal is to replant at least three times the area of trees which we need to cut from the site and grow them in areas with the greatest environmental need.
  • Environmental stewardship
Establishing a new benchmark for environmental management at Certej, with ongoing land rehabilitation during the course of operations.
  • Investing in Romania

Our initial €500M investment will unlock funding for the infrastructure and public services people need.

  • Training and skills
Technical training for local people in modern technology, business and mining practices to allow present and future generations to help Romania realize its potential.
  • Contracting opportunities & indirect employment
Opportunities for local people and businesses across many sectors including materials, construction, technology, energy, administrative support, and hospitality.
  • Tax & fiscal contributions
The Romanian state and public will be major beneficiaries of the mine due to royalties including the special mining royalty, taxes and salaries throughout the mine’s life.
  • Generational potential

VarDev’s generational investments will provide a long-term source of employment, training, and revenue creation.

  • European best practices

VarDev implements rigorous European Union requirements to protect people and the environment and set the standard for a new era of safe, ethical and environmentally responsible mining in Romania.

  • Unlocking EU critical minerals potential
By setting a positive example of ethical mineral development, VarDev supports Romania’s emergence as a leading source of critical mineral production within the EU. VarDev can help drive long-term investment and mining-related growth in Romania’s sustainable economy.
LEARN MORE
A Message from Dan Myserson,

Group Chairman​

“Our proposed investment at Certej is essential for revitalising an area with a strong mining heritage. The project has the potential to bring economic benefits for generations of Romanians. Our top priority is people — their safety, their environment, and their future. Together, we have an opportunity to address historic environmental impacts and build a modern, responsible operation.”

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