Bloomberg News

Romania Cannot Accelerate Gold-Mine Review, Korodi Tells RFI

April 11, 2012

Romania cannot speed up the permit- application process for Gabriel Resources Ltd. (GBU)’s gold-mine, as requested by the country’s president, because the size of the project requires caution, Environment Minister Attila Korodi told radio station Radio France International.

Korodi, who took over as minister yesterday, said he will “analyze in great detail in the next few weeks” the Rosia Montana project’s environment assessment procedure, according to RFI. Rosia Montana Gold Corp., majority-owned by Gabriel Resources, needs an environmental permit to start work at the mine.

To contact the reporter on this story: Irina Savu in Bucharest at isavu@bloomberg.net.

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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