Homepage Media Quick facts and the history of Roșia Montană Gold Corporation

Quick facts and the history of Roșia Montană Gold Corporation

We believe in open communication and are determined to answer all the questions related to this project, to all the parties involved or interested.

We want Romanians to be correctly informed about what the Roşia Montană mining project means, the economic benefits it will bring to the community, the standards and requirements which are to be complied with and implemented throughout the project. In this section you can download presentation documents and key information about the mining industry and the mining project we propose at Rosia Montana.

  • Company established in 1997, with its registered headquarters in Roşia Montană, Alba County, under the name of Euro Gold Resources;
  • Company renamed into Rosia Montana Gold Corporation in 2000
  • RMGC shareholding: Minvest Roșia Montană S.A 19.31% and Gabriel Resources 80.69%;
  • The company holds the exploitation concession license no. 47/1999, for the exploitation of gold and silver ores within Roşia Montană perimeter;
  • The gold production estimated for the future mine at Roşia Montană  –  15 tons/year, on an average;
  • The deposit from Rosia Montana: 314 tons of gold „in situ” and 1,480 tons of silver „in situ”;
  • Jobs created by the mining project from Rosia Montana: 2,300 direct jobs during the construction phase, 800 direct jobs during the operational phase and 3,000 jobs in total during operation;
  • May 2006 – RMGC submits to the Ministry of Environment the Environmental Impact Assessment Report (EIA Report), produced by a team of Romanian and foreign experts;
  • July – August 2006 – 16 public consultations organized (14 in Romania and 2 in Hungary) around EIA, to introduce the mining project to the public and answer people’s questions; the public information and consultation stage generated 5,600 questions which were sent to RMGC by the Ministry of Environment in January 2007;
  • May 2007 - RMGC submits to the Ministry of Environment the answers to the 5,600 questions, a document which totals 12,600 pages and is enclosed to the EIA Report, the resulting document exceeding 17,000 pages;
  • June - August 2007 – the EIA review begins, with 4 meetings of the Technical Analysis Committee (TAC);
  • July 2007 – RMGC begins the construction of the new resettlement site in Alba Iulia, Recea, for the families in the project development area who chose to move to town;
  • September 2007 – The Ministry of Environment suspends the review of the Environmental Impact Assessment Report;
  • May 2009 – RMGC inaugurates Recea resettlement site in Alba Iulia; 125 families from Rosia are moving gradually to Alba Iulia, to a new home;
  • February 2010 - RMGC inaugurates the first completely restored house in the Historical Center of Rosia Montana, which hosts the permanent exhibition of mining history "The Gold of Apuseni"; 
  • September 2010 - The Ministry of the Environment reruns the evaluation procedure for the “Environmental Impact Assessment Report" of the Rosia Montana Project;
  • 2011- RMGC financed the building of a water treatment station in Roșia Montană;
  • July 2011 - the Alba County Directorate for Culture issued the archaeological discharge certificate for one side of the Cârnic massif, after approving the preventive archaeological research report "Cârnic Massif, Roșia Montană, Romania- the Roșia Montană project";
  • July 2012 - the Astra Museum Complex from Sibiu extended its collection with a valuable exhibit- one building from Roșia Montană, built in 1830, and donated by RMGC. The house was symbolically called "The Golden House";  
  • Summer 2012 - Cătălina-Monulești, the first roman gallery from Roșia Montană open to public;
  • 2013 - due to an investment of EUR 1.5 million, RMGC completed the restoration of one of the most important heritage building in Roșia Montană, the Old Town Hall. This will be transformed into a hotel, once the mining project starts;
  • August 2013: The Romanian Government approves and issues a draft law "on certain measures related to the exploitation of the gold-silver deposits from Roșia Montană and stimulation and facilitation of mining development in Romania";
  • Autumn 2013 - as a result of the negotiations and based on a gold price of $1.200/ounce, the Rosia Montana project brings over $5 billion in the Romanian economy, of which $2.3 billion directly to the State budget from taxes and duties, and $2.9 billion revenues from Romanian employees and suppliers. The project also provides an environmental guarantee of $146 million and a double investment in the local patrimony of $70 million;  
  • October - November 2013: A parliamentary Special Committee is formed to analyse the Draft Amended Mining and recommends its rejection;
  • December 2013: Draft Amended Mining Law debated and voted on in the Chamber of Deputies where it again fails to garner the minimum number of votes required for its adoption;
  • May 2014: 400 employees of RMGC, representing approximately 80% of the RMGC workforce, dismissed due to no progress recorded in EIA talks;
  • January 2015: Gabriel Resources sends an official letter to the President and Prime Minister of Romania calling for amicable resolution of the permitting dispute;
  • April 2015: 35% of RMG employees made redundant due to further lack of progress in the permitting process.