International Journal of Academic Research in Business and Social Sciences

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Realities and Perspectives concerning Mining Energy Sector in Romania

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Our country has been blessed with a great variety of mineral resources (ferrous and nonferrous), and energy resources (coal, oil, natural gas, radioactive elements). The abundant natural resources have been exploited for thousands of years, being in certain periods of time one of the main reasons for economic and social development. In our country, the period after 1990 was marked by a radical restructuring of the national development strategy, which led to a dramatic reduction of financing the geological and mining exploration, possibly triggering the collapse of the mining industry and research related to this activities. For this reason, the reform of the mining sector highlights, both important advantages, as well as persistent opportunities and challenges.