Romanian Parliament rejects controversial gold mining investment

The commission established by the Romanian Parliament with the mandate to review the investment of Gabriel Resources Ltd in the region of Rosia Montana, rejected the giant gold mining plan with 17 votes against and two abstentions. Although it is anticipated that a new law will be submitted to the Parliament, given the Government’s firm decision to proceed with the approval of the investment, this is indeed a landmark decision, following mass public rallies and demonstrations in the country’s major cities.