Bloomberg News

Romania’s Chitoiu Sees Gold Mine Start in 2012, Mediafax Reports

June 01, 2012

Romania’s Economy Minister Daniel Chitoiu said he is convinced that Gabriel Resources Ltd. (GBU)’s stalled Rosia Montana gold-mine project will start this year, Mediafax reported today.

Chitoiu told reporters during a visit to the Romanian town of Alba Iulia that a political decision on the project might be taken by the end of this year, according to the Bucharest-based news service. Mining will continue throughout Romania in an efficient manner, without causing losses to the state, Mediafax cited Chitoiu as saying.

Chitoiu added that he will take a decision on the mine together with Environment Minister Rovana Plumb, whose ministry decides whether Canada’s Gabriel Resources gets an environmental permit to start work at the mine, the news service said.

The Economy Ministry’s press office couldn’t immediately confirm Chitoiu’s statement when contacted by Bloomberg News by phone and e-mail.

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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