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Press Releases - Roșia Montană Gold Corporation

Gabriel files for international arbitration against Romania21/07/2015

Gabriel Resources Ltd. (“Gabriel” or the “Company”) announces that today it has filed a request for arbitration before the World Bank's International Centre for Settlement of Investment Disputes ("ICSID") against Romania (“Request for Arbitration”). This action relates to the Company’s dispute with Romania over the development of the Roşia [...]

Roșia Montană Gold Corporation starts a new collective layoff wave01/04/2015

Roşia Montană Gold Corporation (RMGC) has notified both the “Future of Mining” Trade Union and the labor authorities on the initiation of the collective layoff procedure for a percentage of approximately 35% of the remaining employees of the company, with the final number being determined after the completion of the negotiations with the trade union. Thus, one year after the [...]

70% of the employees of Roșia Montană Gold Corporation start technical unemployment16/02/2015

Starting 17 February 2015, 70% of the Roșia Montană Gold Corporation (RMGC) employees will enter a phase of technical unemployment based on temporary suspension of their employment contracts for an indeterminate period. The technical unemployment measure is due to the continuing uncertainty with regard to the authorisation timeline of the Rosia Montana mining project (Project), requiring [...]

Gabriel Seeks Amicable Resolution of Mining Dispute20/01/2015

TORONTO, CANADA--(Marketwired - Jan. 20, 2015) - Gabriel Resources Ltd. (TSX:GBU) ("Gabriel" or the "Company") announces further steps to initiate positive dialogue with decision makers from within the Romanian Government and competent regulatory authorities (together "Romanian Authorities") directly responsible for progress of permitting and authorizing the development of the Roşia Montană [...]

1,000 families lose their source of income following activity reduction at Roșia Montană Gold Corporation 31/03/2014

Starting April 2014, about 1,000 families lose a major source of income, following the reduction of company’s activity leading to collective lay-offs of the majority of employees and suspension of all social and investment programs in the area; RMGC is forced to take this measure due to objective reasons: the unjustifiably long delays in the permitting procedures of the Rosia [...]