Monday, August 29, 2011

Romania’s president backs controversial gold mining project in Transylvania

By Associated Press

BUCHAREST, Romania — Romania’s president says he supports a controversial gold mining project in western Transylvania, where 300 tons of gold and 1,600 tons of silver lie.

President Traian Basescu says “any country that has resources must use them” and the investment by Canada’s Rosia Montana Gold Corp. will bring jobs. He says Monday the project “has been buried since 1997” because of cowardly politicians.

Opponents say building the open-cast mine would damage ancient monuments and destroy a mountain face. They have also criticized the gold-extracting process for using cyanide.

Rosia Montana says it will be careful to preserve the environment. The company still needs to get certain permits to go ahead with the project.

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