Gabriel Resources Cvegbu Rosia Montana Gold Corporation Press Release

Roșia Montană Gold Mine: A Story of Exploration, Development, and Resistance

Gabriel Resources' Appeal Against Romania's Decision

On July 8, 2022, Canadian company Gabriel Resources announced that it had filed an appeal against the Romanian government's decision to reject the company's request for an extension of the exploitation license for the Roșia Montană gold and silver project.

Gabriel Resources' Investment and Development

Gabriel Resources has invested over US$76 million in the development of the Roșia Montană Project, which would involve the excavation of a massive open pit mine. The company has defined two main ore bodies at the site, estimated to contain significant reserves of gold and silver.

Local Resistance and Opposition

The project has faced strong opposition from local communities and environmental activists who fear the potential negative impacts on the environment, water resources, and cultural heritage of the area. The site is home to a UNESCO World Heritage site and several protected Natura 2000 areas.

Government's Rejection and Appeal

In 2021, the Romanian government rejected Gabriel Resources' request for an extension of the exploitation license. The company subsequently filed an appeal, which is currently being processed by the courts. The outcome of the appeal is expected to have a significant impact on the future of the Roșia Montană project.

Focus on Sustainability and Environmental Protection

Gabriel Resources has stated that it is committed to developing the project in a sustainable and environmentally responsible manner. The company plans to implement advanced technologies and practices to mitigate potential impacts on the environment and local communities.

The Future of Roșia Montană

The future of the Roșia Montană gold and silver project remains uncertain. The outcome of the appeal and the ongoing resistance from local communities will play a key role in determining the fate of the project. The case highlights the complex challenges and competing interests involved in the extraction of natural resources.