Rosia Montana and Dirty Politics

Rosia Montana: more than meets the eye (sic!)

Stephen McGrath

ROSIA MONTANA is an ancient Romanian village sitting on Europe’s largest gold deposit: 315 tonnes of a metal that currently fetches around $1,200 per ounce on the stock market. This area is also home to some of the world’s most significant Roman artifacts: 7km of ancient mine galleries weaving through the Apuseni Mountains – and they are under threat of demolition due to a controversial cyanide mine run by foreign investors.

Advisory bodies are calling for the area to be granted UNESCO World Heritage status; while Gabriel Resources, a Canadian firm listed on the Toronto Stock Exchange, is intent on digging gold, unearthing a myriad of murky politics in this one time communist state.

On August 27, after 14 drawn-out years of Gabriel Resources’ investment with legal barriers and opposition stalling the project, the Romanian government passed a draft bill granting the company the rights to mine the area of…

View original post 2,192 more words

Advertisements