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A blessing for some and a bane for others: the gold under Rosia Montana in Romania

Michael Allan McCrae | May 31, 2012 | 7:47 pm Base Metals Precious Metals Europe Copper Gold 

Read the Financial Post’s profile of how the planned development of Rosia Montana, proposed location for Europe’s largest open cast gold mine, is splitting the community:

The mine could bring billions of euros in taxes and potentially thousands of jobs to an economically depressed region. But it will also require blasting four mountain tops, relocating the community and flooding one village to create a 300-hectare pond for chemical waste held back by a 180-metre-high dam.

“It’s a war of nerves,” said Csibi. “Whoever lasts longest wins.”

Read more

Image of Roșia Montană by bortescristian

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