BUSINESS

Rosia Montana Project goes on: Court Decision Reaffirms Urbanism Certificate 87/2010 for the Rosia Montana Project

RMGC won 15 major trials in the last two years

The people of Rosia Montana need steady jobs. The NGOs that oppose creation of jobs abusively burden the courts of law, by submitting legally non-grounded requests

Bucharest 18 April 2012 – The Cluj Tribunal reaffirmed the validity of the Urbanism Certificate 87/2010, rejecting the initiative of some NGOs that oppose by any means the creation of jobs, in an area where 80% of the inhabitants lack steady jobs. Two non-governmental organisations, Alburnus Maior Goldsmiths’ Association and the Independent Center for Environmental Resources Development, requested the cancellation of UC87 issued for the Rosia Montana Project. In December last year, the Bucharest Tribunal rejected a similar action. Prior to that ruling, in May 2011, the Bucharest Court of Appeals also rejected a petition for the suspension of UC87. This decision marks the 15th court victory for the Project in the last two years.

Thus, Urbanism Certificate no. 87/2010 remains valid and perfectly applicable. The courts in Romania confirm this for the fourth time in the last two years, after repeated attempts from NGOs to oppose the creation of thousands of jobs in un-favored areas of the Apuseni Mountains. Both courts in Bucharest and Cluj considered non-grounded the requests for cancellation of UC issued to RMGC.

Dragos Tanase, Managing Director of RMGC, stated:

“This court decision is another victory for the local community on its way to a better future and to creating thousands of jobs, much needed in that area. Over the past few years, RMGC has won 15 major trials, most filed by NGOs, who are fighting against job creation and economic development in Romania. Significant progress in the EIA evaluation gives us hope for a conclusion as quickly as possible, in the benefit of local community, cultural patrimony and sustainable development of the area. Today, a responsible mining project can only be developed in full compliance with the Romanian and European legislation, using the best available practices. Once approved, Rosia Montana project will contribute about 1% to Romania’s GDP and will generate thousands of jobs,” declares Dragoş Tănase, Managing Director RMGC.

Based on a gold price of 900 dollars/ounce, Rosia Montana mining project directly brings over 4 billion dollars to the Romanian economy,  which will result in a total potential contribution to the GDP of Romania of 19 billion USD, including the multiplier effects, according to the 2010 estimates of the British experts from Oxford Policy Management. Gold price currently amounts to approx. 1600 USD/ ounce. The project will also generate thousands of jobs, will comply with the Romanian and European environmental legislation and will contribute 140 million USD to the preservation and valorization of the cultural heritage from Rosia Montana and Romania.


 

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