BUSINESS

Rosia Montana Gold Corporation: Gains for Romanian state are ‘competitive’ now

The Romanian state will receive “competitive” gains from the Rosia Montana project in its current formula, Rosia Montana Gold Corporation (RMGC) CEO Dragos Tanase said in an interview with Mediafax, in the first formal statement of the company this month, when the mining project it develops in the Apuseni Mountains was intensely discussed at the highest level in Romania.

“This project brings important benefits to the Romanian economy, it brings future investments that are very important for the region, it generates a 1 pc growth of the GDP – this project alone, if we include direct and indirect effects – and I think that the importance of the project directly increases with the price of gold so, in this context, the project enjoys a higher attention of the public,” Tanase pointed out.

As for the Environment Minister’s statement about lowering the concentration of cyanides used to extract gold at Rosia Montana, the CEO of RMGC assured that the matter will be reconsidered. “Anyway, based on preliminary information we have now, our technology is better than that used in Sweden,” Dragos Tanase added.

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