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Friday, March 14, 2014

Gabriel Resources uncertain about future of Romanian gold project

For more than a year, Romanians have protested against Rosia Montana, which they deem as an environmentally risky project and an even larger problem of political corruption.
The pollution concerns are tied to the company’s planned use of cyanide to extract gold and silver from the ore.
Things took a turn for the worse last December, when the Romanian Parliament ruled against a bill that would’ve allowed the Rosia Montana project to proceed. The company has been waiting for 15 years for permits for the project, which has upped costs to about $1.5 billion.
http://www.mining.com/gabriel-resources-uncertain-about-future-of-its-romanian-gold-project-33428/?utm_source=digest-en-au-140313&utm_medium=email&utm_campaign=digest

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