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New state company to deal with Rosia Montana

June 2013 - From the Print Edition

The Government will create a new company to deal exclusively with Rosia Montana, called Minvest Rosia Montana, which will take over a 19.3 percent stake in the Rosia Montana Gold Corporation (RMGC) from Minvest Deva and be subordinated to the minister for national infrastructure projects and foreign investments, Dan Sova, according to Mediafax. The RMGC is controlled by the Canadian company Gabriel Resources, which owns an 80.46 percent share. The firm owns the most important gold deposit in Romania, at Rosia Montana (Alba), estimated at about 300 tons of gold and 1,600 tons of silver.



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