BNR Exchange Rates
10.02.2012- 1 EUR
4.3529 RON - 1 USD
3.2831 RON - 1 CHF
3.5986 RON - 1 GBP
5.1981 RON - 1 gr. aur
181.2627 RON
Romania's New Governing Program Includes Reassessment Of Rosia Montana Gold Mining ProjectUpdated: 21-12-2009 | Politics
Romania'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:
- Combined revenues of the top 20 Deloitte Football Money League clubs exceed €4.4bn to defy European economic woes
- Five banks join the partnership between RBS Romania and Vodafone for the payment of mobile telephony bills by inter-bank direct debit
- The Western Union Company reported financial results for the 2011
- Vodafone Romania reports financial results for the third quarter of the financial year 2011 - 2012
- Business needs to do more to manage deal risks in growth markets, urges PwC report
- COSMOTE Romania advises parents to keep their children safe on the internet, for the 4th year in a row
- President Basescu names Mihai Razvan Ungureanu to head new Gov't of Romania
- BNR decide do lower the monetary policy rate to 5.50 percent
- Romania: Record Transaction for the Office Market Outside Bucharest City Business Centre (CBC) in Timisoara Sold to NEPI
- METLIFE TO ACQUIRE THE CZECH, HUNGARIAN AND ROMANIAN OPERATIONS OF AVIVA plc
- BNR: Silver coin dedicated to 10 years anniversary of introducing euro coins and bills
- Deloitte: Top Trends in Telecommunications in 2012
- PwC: Big spending predicted in 2012 for gold mining companies
- The value of tax payments by card almost doubled in the first 11 months of 2011, to RON 69.4 million
- Deloitte: Top media trends in 2012. Media consumption is equally split between tradition and latest technologies
Most Popular News
- Three billion euros to be invested in energy private-public partnerships
- Romanian state plans to keep 8 pct of Petrom, at least
- IMF mission extends stay in Romania till May 9
- IMF, FinMin Vladescu discuss Government revenues collection
- Videanu admits that he is in conflict of interests in connection to Marmosim
- Greece gets 110 billion euros, biggest bailout in history
- BNR governor Mugur Isarescu: Situation is quite complicated
- Romanian-German meeting on fresh cooperation opportunities
- Gov't to earmark 6.4pc of GDP for investment
- FinMin Vladescu: Cutting 25pc off public wages pool will not generate needed savings



