Romania's New Governing Program Includes Reassessment Of Rosia Montana Gold Mining Project
Publish date: 21-12-2009Romania's future governing program includes a reassessment of the Rosia Montana gold mining project in the western are of the country, based on local and international expertise, along with the creation of a national strategy for non-energetic mineral resources.
The Rosia Montana project has been included in the governing program forwarded to the Parliament for a confidence vote following negotiations between proposed Economy Minister Adriean Videanu and proposed Environment Minister Laszlo Borbely, people close to the talks said.
Asked whether the project was included din the governing program, Prime Minister-designate Emil Boc said the mining project will be reevaluated and then approved or rejected.
"It depends on the expertise we get, the local and international law-required expertise applicable to this type of project," Boc said.
The sources said the reassessment program was included under a chapter involving the drawing of a national strategy for the country's non-energetic mineral resources.
Videanu, who is the country's acting economy minister, said Friday the mining project at Rosia Montana would be included in the future governing program, adding he would like the project to start as soon as possible, with the current investor, Canada's Gabriel Resources.
"I want this project to start as soon as possible," Videanu said Friday.
Sources said the mining project was to be an issue for negotiation between Videanu, a democrat liberal, and the proposed environment minister, a member of the Hungarian minority party UDMR.
The gold mining project in Rosia Montana is highly controversial because of the environmental issues the investment would cause because it entails cyanide mining.
In 2008, when the country Environment Ministry was run by UDMR's Attila Korodi, his party insisted the Parliament debated with urgency a draft law banning cyanide mining in Romania.
Latest News:
- Insurance market stagnated in 2013 while GDP chare dropped to 1.3%
- The Romanian Leasing Market as of December 31, 2013
- Millennium Bank reports best results since its launch, helped by stronger banking income and cost cuts
- BCR cheapens First Home loans and lowers interest loans for loans in lei
- Millennium Bank's new Salary account clients receive up to 600 lei bonus and their utility bills' payment
- GarantiBank and Seamless introduce SEQR in Romania: the newest mobile payment solution
- Bancpost telecom services, now provided exclusively by Romtelecom and COSMOTE Romania
- Millennium Bank cards offer discounts in Domo stores
- BCR Supervisory Board reshuffles Management Board
- NBR decide to lower the monetary policy rate to 4.25 percent per annum
- Common appointments in Romtelecom and COSMOTE Romania
- Up to 5.5% annual interest rate for Millennium Bank's promotional three-month lei deposit
- Eurozone in recovery mode but gap between North and South still widening
- UniCredit Tiriac Bank and RBS Romania announce the successful completion of the retail clients' migration
- Millennium Bank grants First House loans in lei