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ENVIRONMENTAL REVIEW – Rosia Montana project halted

ROMANIA - The Rosia Montana gold mine proposed by GABRIEL RESOURCES of Toronto has been derailed by the Romanian en...



ROMANIA – The Rosia Montana gold mine proposed by GABRIEL RESOURCES of Toronto has been derailed by the Romanian environmental ministry. The minister announced on Sept. 13, 2007, that his department had suspended the licensing procedure because it considers the “urbanistic” certificate presented by the company to be null. The decision is based on a legal technicality.

The move resulted in the shutdown of the EIA review and came after a pair of NGOs filed a lawsuit.

The decision has environmentalists cheering and Gabriel president Alan Hill steaming. The share price of his company fell 44% following the news.

Hill called the decision “arbitrary and illegal.” He warns that the ruling will set back Romania’s attempts to attract foreign investment.

Readers seeking information on the Rosia Montana feasibility study, EIA or resettlement plan may download them from www.GabrielResources.com.

Readers who want the opposing point of view should visit www.RosiaMontana.ro and www.RosiaMontana.org sponsored by the NGOs that oppose mine development.


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