The inferred resource of 381 million tonnes was based on 98 diamond drill holes Eldorado completed mainly in 2017 and 2018 and a further 17 drill holes by European Goldfields between 2002 and 2004.
ROMANIA Mining News
The Euro Sun describes it as one of the largest mineral deposits in the European Union.
ArcelorMittal, the world's largest steel producer, has agreed the sale of plants in the Czech Republic, Romania, Macedonia and Italy.
Country alleges a court decision had slammed the door on certain investment arbitration cases involving European Union members, so Gabriel’s case can’t be solved that way any longer.
Company is seeking $4.4 billion in compensation for alleged losses related to its Rosia Montana gold and silver project, which Bucharest halted following relentless protests.
Canadian gold miner provides an update on exploration activities completed to date in 2017.
Move could mean good news for Gabriel Resources' long-stalled namesake gold project.
The company argues the Central European country violated several investment treaty provisions in its claim to the bank’s International Centre for Settlement of Investment Disputes.
Last night activists obliterated the words ‘democracy’, ‘environment’ and ‘justice’ with gold spray paint outside the offices of a Canadian mining company, in a protest designed to draw attention to the corporate court system being proposed under the EU-Canada trade deal, CETA.
Eldorado Gold Corporation, ("Eldorado" or "the Company") is pleased to announce plans at four new exploration projects.
The decision grants Rosia Montana protection from industrial activities, including mining.
This is first time Romania grants a mining license without the involvement of a state-owned enterprise.
The report exposes a compendium of risks associated with the Certej gold project and highlights some less evident or known facts that in return are likely to impair ELD’s ability to develop it.
The company has been trying for 15 years to get a permit for Rosia Montana, poised to be Europe's biggest gold mine.
It has a ferris wheel, mini golf course, bowling lane, boating on the underground lake and a sports arena.
The lower house of parliament rejected bill that would have allowed the firm to proceed with its Rosia Montana project.
The miner may lay off 400 workers at its Romanian subsidiary unless prospects for its Rosia Montana gold and silver mine improve.
The company's Perama Hill project still needs approval to begin construction, while its larger Skouries project keeps facing opposition.
Two gold mines, two thousand miles apart. Both were closed down in 2006. One is still held back by the legacies of the past. One is set to reopen in 2014. What lessons can they teach us about SLO?
New mining listings in the Toronto Stock Exchange and its junior counterpart, the TSX-V, continue to dive.
The legislation could have enabled Canada's Gabriel Resources to proceed with plans to build Rosia Montana mine, Europe's largest open cast gold operation.
Rosia Montana Gold Corporation (RMGC), is said to have paid more than $300,000 to a firm prosecutors say is a phantom company used by organized crime networks.
A report about the significance of Roman-era workings at Gabriel Resource's massive gold-silver project in Romania takes Rosia Montana a step closer to World Heritage status.
Europe's largest gold mine will cost Gabriel Resources US$15 billion.
With a 16% stake in Gabriel Resources', Paulson is the controversial miner's biggest individual investor