| Type | S.A. |
|---|---|
| Industry | Mining |
| Founded | 1997 |
| Headquarters | Roșia Montană, Romania |
| Key people | Dragoș Tănase general director |
| Website | rmgc.ro |
Rosia Montana Gold Corporation (RMGC) is a Romanian company established in 1997, in Alba County, based in Roșia Montană, whose shareholders are the State-owned mining company Minvest Deva - with 19.31%, Gabriel Resources – with 80.46% (listed on the Toronto Stock Exchange (GBU symbol)) and other minority shareholders – with 0.23%. Roșia Montană Project is undergoing the obtaining of the necessary permits stage for the start of the exploitation. Alan Roe, Director and Head Economist of Oxford Policy Management declared at the Economic Conference of July 8, 2010 in Bucharest: “Rosia Montana Projects contributes to a potential growth of Romania’s GDP with USD 19 billion, including the impact of the multiplication effect throughout its duration”.[1] The project is proposed for a period of around 25 years (2 years –construction phase, 16 years – operation phase, around 7 years – closing and rehabilitation phase).[2]
1997 – The Romanian Company Rosia Montana Gold Corporation is created;
1997–2002 – The Company conducts geological explorations to determine the quantity of existing ore in Rosia Montana;
1999 – RMGC obtains the concession license for exploitation no. 47/ 1999 for the exploitation of gold and silver ores in the Roşia Montană area;
2000 – With RMGC financing, archaeological research begins with the participation of the teams of specialists from the National Union Museum of Alba Iulia and the Projection Centre for the National Cultural Patrimony, to assess the archaeological and architectural potential of Roșia Montană. The Company has thus far contributed approximately US$11 million for the teams of researchers;
2002–2006 – Drafting of feasibility studies, including studies concerning the initial conditions for the Environmental Impact Assessment (EIA);[3]
June 2002 – May 2004 and October 2006 – February 2008 – RMGC purchases properties in the project area, based on a Relocation and Resettlement Action Plan, in compliance with the World Bank and IFC standards;
May 2006 – RMGC submits the EIA Report, drafted by a team of Romanian and foreign experts, to the Ministry of Environment;[4]
July – August 2006 – 16 public consultations (14 in Romania and 2 in Hungary) are held for the EIA, to present the mining project to the public and answer people’s questions; following the information and public consultations stage, 5,600 questions were submitted to RMGC by the Ministry of Environment in January 2007;[5]
July 2007 – RMGC begins the construction of the new neighborhood in Alba Iulia, Recea, for the families within the project development area who chose to move to the city;[6]
May 2009 – Inauguration of Recea neighborhood in Alba Iulia; 125 local families moved to their new homes in Alba Iulia.[7]
At present, Rosia Montana Gold Corporation has 310 employees, 280 of whom work in Rosia Montana. 80% of the employees come from the areas influenced by the project: Roșia Montană, Abrud, Câmpeni and the surroundings.
Dragos Tanase has been running Rosia Montana Gold Corporation since February 2008, coming from the largest cable communications operator in Romania, UPC.