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Not all that glitters is gold for Rosia Montana project investors

Despite President Traian Basescu’s support for the controversial Rosia Montana mining project, Rosia Montana Gold Corporation still has to clear further hurdles from the cultural and environment ministries, as The Diplomat – Bucharest learned. By Dana Verdes

November 2011 - From the Print Edition

The Rosia Montana project seems to have become a never-ending saga. While the disputed mining scheme has earned the expressed support of President Traian Basescu, the tortuous story seems no closer to reaching a conclusion.
During a visit to Rosia Montana, the president stated: “I am a supporter of the project – not from now, not since today or yesterday, I was also here during the election campaign.” He argued that Rosia Montana Gold Corporation (RMGC), a company controlled by the Canadia...

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