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Economic Aspects of the Rosia Montana Project

Author

Listed:
  • Prof.Ph.D. Lidia CRISTEA

    (Rector of The Romanian University of Science and Arts ‘’Gh.Cristea’’, Bucharest, Ec.Mariana Mocanu, Romanian University of Science and Arts ‘’Gh.Cristea’’, Bucharest, Romania)

Abstract

The paper shows the economic aspects of the risk management related to the controversial Rosia Montana project. The concept of the sustainable development of Romanian economy –horizon in 2025 assumed the preservation and enhancement of the natural resources to be used by the future generations. Rosia Montana gold deposit in the aria gives only two grams of gold for one tone of ore, which means that it is a low efficiency extraction. In the heaps of waste left after extraction it is found between 25-50% untapped gold. The project is expected to have duration of about 17 years and it is depend of market fluctuations of gold over this period with potential ecological consequences involving technological, high economic and social risk. The economic aspects are dependent on national and European regulations in this area.

Suggested Citation

  • Prof.Ph.D. Lidia CRISTEA, 2011. "Economic Aspects of the Rosia Montana Project," Conferinta Stiintifica Internationala Logos Universalitate Mentalitate Educatie Noutate - Lumen International Scientific Conference Logos Universality Mentality Education Novelty, Editura Lumen, Department of Economics, vol. 1, pages 1-62, February.
    • Handle: RePEc:lum:rev10b:v:1:y:2010:i::p:62
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    More about this item

    Keywords

    Gold; mining; risk management;
    All these keywords.

    JEL classification:

    • A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics

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