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Gabriel Resources Ltd. is frantically trying to confirm statements by Romanian Prime Minister Victor Ponta and other ministers regarding rejection of a draft bill allowing the company to build Europe’s largest gold mine.
The Canadian mining company said Monday that it is “urgently seeking confirmation of the actual statements made and clarification of the impact on the proposed permitting of the Project.”
Media reports on Monday quoted Mr. Ponta as saying that the Rosia Montana gold-and-silver project in a small Romanian town is “case closed” after a week of protests by environmentalists and citizens throughout the country concerned over the use of cyanide in the extraction process.
The project, which Gabriel has been pursuing since the late 1990s, would also involve the razing of four mountains to allow for a giant open pit mine. Backers of the project say the mine would help boost the economically deprived region of northwest Romania and create much-needed jobs.