Roșia Montană Gold Corporation

Romania’s lower chamber, the Chamber of Deputies, on Tuesday overhelmingly rejected a mining law that would have enabled Canada’s Gabriel Resources to start a controversial gold mining project in central Transylvania.

Last September, the centre-left government of Victor Ponta sent a bill to parliament to approve the project to dig for gold in Rosia Montana.

Gabriel Resources is to axe 373 jobs, around 80 per cent of its workforce in Romania, citing “unjustifiably long delays” in the approval of the gold mining project at Rosia Montana, in central Transylvania.