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Gabriel Resources' Rosia Montana could help Romania with nuclear plan
Posted on June 26, 2008
The government of Romania has decided to keep a majority stake in a venture to build and operate two new nuclear reactors, reversing an earlier decision that said five energy companies and a steelmaker should own 80%. To pay for this larger stake for state-run Nuclearelectrica, Romania may pursue an IPO on the Bucharest Stock Exchange.With gold prices at record highs, some feel the country could help pay for the nuclear project via royalties, taxes on profits and a dividend from its ownership stake in Gabriel Resources Ltd. s Rosia Montana gold mine. However, progress on what was to become E...
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