Presentation on theme: "Rosia Montana The Way It Is. Gabriel Resources (GR), a Toronto-based mining junior intends to develop a large part of Romanias Apuseni mountains. Rosia."— Presentation transcript:
Gabriel Resources (GR), a Toronto-based mining junior intends to develop a large part of Romanias Apuseni mountains. Rosia Montana Gold Corporation (RMGC) is a joint venture between Gabriel Resources (80%) and Minvest S.A. (- 20%), Romanias state mining company. Under the agreement GR will deliver the base capital of $450mio; in exchange the Romanian government will receive a 2% gross production royalty. GR is a Barbados registered company.
The project covers an initial 1600ha; including Rosia Montana and Corna. Opencast mining will be developed in Rosia Montana and will cover a minimum of 722 ha. The adjacent valley of Corna will house the tailings pond. It will cover a surface of up to 800ha. and will be held by a 185m high Dam made of waste rock. Given that both valleys are inhabited, 2150 people; 740 subsistence farmers and 138 apartments will have to make way and resettle. Mine life is at an average of 14years. During peak operation the project will employ a workforce of 248.
Under Romanian law Rosia Montana is a protected valley and this because of its great cultural patrimony. Until nationalization in 1948, Rosia Montana was a prosperous town; this because the locals had rights over the mine galleries and the gold. Many still own these documents, Claiming that These rights are still valid and therefore contest the Legality of Gabriels license. large town houses dating from the 18th & 19 th century still bear witness of Rosia Montanas glorious past. They date from times when the locals were left free to shape their own lives. Mining and agriculture have since time immemorial Been closely connected.
Rosia Montana is Romanias oldest documented mining settlement; also know known by its Roman name Alburnus Maior. Gold has been mined here since 2000 years and the area is littered with important archaeological remains such as temples, thermae, settlements, fortified buildings, Roman cemeteries, Roman mine galleries; to name but a few. Whilst some of these treasures have been unearthed; more still lie beneath the surface…
If we are to have progress, supermarkets and apartment blocs, then we have to accept that some of the archaeological treasures will have to be destroyed. Andrew Kuczmarek ex-vice president and General Manager, Gabriel Resources
This is one of Rosia Montanas historic buildings
Once more, Alburnus Maior warns Gabriel Resources shareholders and all possible investors that this project will never take place. And this, besides any other reason, for the simple fact that we will not sell our homes, pastures, forests, churches and cemeteries, and we will not move from Rosia Montana or Corna. Nobody, and no money can force us out. May be you consider that we are poor people by Canadian standards, but we are not for sale, and you should understand that there are things and people that money cannot buy. We know very well our rights, just as we know that the concessions rights obtained by RMGC are not legal, and can be suppressed at any time in a court of law. Bucharest, 16. June 2003