Bucium

Name of mining area: Bucium, in the close vicinity of Roşia Montană, Alba
Location: Bucium, Jud. Alba
License issuance date: concession license for exploitation no. 218/1999
Project holder 2013: Roşia Montană Gold Corporation
Shareholders: Gabriel Resources Limited
Data on the deposit: gold
Project permitting stage:


Bucium – general aspects

Roşia Montană Gold Corporation SA holds the concession license for exploitation in the Bucium area, based on which geological survey programmes have been undertaken. These programmes indicated two areas with gold-silver mineralisation in Rodu – Frasin and an area with copper-bearing mineralisation in Tarniţa. For the area Rodu – Frasin a pre-feasibility study has already been prepared, with a calculus of resources and reserves assessed at 17 tonnes of gold in situ, as compared to 314 tonnes in situ at Roşia Montană.

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România, mined field.

Mining is an industry with an extremely high stake for public policies and financial markets, but particularly for the directly affected communities and ecosystems. While the industry highlights its capacity to generate wealth and the use of modern technologies, the responsibility for the risks, costs and liabilities generated has never been fully assumed. The industry’s domination in the area of public policies prevented a change of the status-quo, and the local communities’ voice remains marginal in the public discourse. The shift of mining companies’ interest from large investment projects to smaller but more numerous projects has a major impact upon local communities, with public attention being thus dissipated in many directions and the permitting procedures being simplified.