Gabriel is subject to Canadian securities regulation in terms of National Instrument 43-101 ("NI 43-101") in all disclosure relating to scientific and technical information, including disclosure of Mineral Resources and Mineral Reserves.
NI 43-101 incorporates the definitions of "Mineral Reserve" and "Mineral Resource" which were formulated by the Canadian Institute of Mining, Metallurgy and Petroleum in August, 2000. The Mineral Resources and Mineral Reserves disclosures also comply with the European Code for the reporting of Mineral Resources and Mineral Reserves (October, 2001) and references thereto should be read in the context of the definitions given in the disclosures section.
Technical Reports on Rosia Montana and Bucium Projects
In addition, Gabriel has filed all required technical reports and further supplementary evidence to the Romanian authorities in support of its permitting applications, the most important of which has been the Environmental Impact Assessment (EIA)
Environmental Impact Assessment (EIA)
Under Romanian law, an EIA Report must be prepared for a project of the size and scale of the Rosia Montana Project. The EIA Report for the Project was developed by a team of independent experts. The report analyzes all the aspects of the development, from the construction phase, going through the operational phase, mine closure and environmental rehabilitation, to the post-closure phase.
RMGC prepared, and in May 2006 submitted, the EIA for the Project to the Ministry of Environment. The EIA forms the basis upon which the Government is (i) to evaluate the Project’s impacts; and (ii) to issue the Environmental Permit. Under the applicable legal regime, the Environmental Permit is to be issued by Government decision taking into account the recommendations of the Technical Assessment Committee.
To view a copy of the EIA, please click on the link below.
Please note that following the resumption of the Technical Analysis Committee's review of the EIA in 2010, RMGC compiled a number of explanatory notes to the EIA updating various chapters of the EIA Reports previously compiled. These explanatory notes can also be accessed through the link.