19:53:44 EDT Thu 28 Mar 2024
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USA
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Gabriel Resources Ltd (2)
Symbol GBU
Shares Issued 384,100,056
Close 2013-09-06 C$ 1.47
Market Cap C$ 564,627,082
Recent Sedar Documents

FP/AP say Gabriel mine plan divides Romanians

2013-09-09 05:30 ET - In the News

The Financial Post reports in its Monday, Sept. 9, edition that thousands of Romanians demonstrated on Sunday both for and against Gabriel Resources' planned gold mine that would use cyanide in the extraction process. An Associated Press dispatch to the Post reports the project would raze four mountains to make way for an open pit mine. Supporters say the mine would bring vital jobs and investment to the deprived area in northwest Romania. But opponents say it will present an environmental risk. "Save Rosia Montana," about 2,500 protesters against the mine shouted in the Romanian capital, referring to the town where the mine would be and where gold has been mined for more than 2,000 years. The anti-mine protesters in Bucharest's University Square urged lawmakers not to pass legislation that would approve the mine as a "special national interest" creating foreign investment and jobs in the deprived area. They later blocked a main road in the city. An estimated 6,000 people rallied in the city of Cluj, which is near the mine, also urging parliament to block the legislation. In the town of Rosia Montana, thousands of miners used their annual rally on miner's day to urge parliament to allow the mine to open.

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