montana gold

Roșia Montană Project is a gold and silver mining project initiated by Roșia Montană Gold Corporation in Roșia Montană, Romania. If approved, it would become Europe's largest open-pit gold mine and it would use the gold cyanidation mining technique. Currently, the project is on-hold awaiting a parliamentary decision.
The benefits of the state consist of 20% of the shares owned by the publicly owned company Minvest Deva and the 6% royalties of the gold and silver extracted not taking into consideration other valuable metals such as Tungsten, Uranium, Tellurium, Germanium, Titanium, Molybdenum, Vanadium, Nickel, Chromium, Cobalt, Gallium, Bismuth, Arsenic or the Potassium feldspar. a Romanian company established in 1997, in Alba County, based in Roșia Montană, whose shareholders are the State-owned mining company Minvest Deva - with 19.31%, Gabriel Resources – with 80.46% (listed on the Toronto Stock Exchange (GBU symbol)) and other minority shareholders – with 0.23%.
The project met a significant resistance from environmental groups and from neighbouring European countries, culminating in the nationwide protests by thousands of people across the country since September 2013.
A number of locals refuse to sell their properties to the Roșia Montană Gold Corporation and, in order for the project to commence, the state would need to exercise eminent domain.

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