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Public mine of Rosia Montana closes down

Joi, 18 mai 2006, 0:00

The gold mine in central Transylvanian Rosia Montana will close down five months before the due time because of 50 bln RON debt. 427 employees will lose their jobs. The Canadian company Gabriel Resources awaits the Romanian authorities’ decision regarding the opening of a new exploitation mine.

The company has submitted an Environmental Impact Assessment (EIA) study to the Romanian Environment Ministry which is currently checking if the research file is complete.

The EIA study covers all phases of exploitation and is a first in Romania, following the endorsement of the EU Directive regarding the mining wastes management.

According to Romanian legislation, the Environment Ministry is to decide the opportunities of this project and publish the conclusions in the press. The project will be subjected to a 30 days public debate. The final decision lies with the Romanian Government.

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