Seth Klarman Striking Out In Gold And Limestone Mining

Romania has witnessed massive protests against the Canadian gold mine project for almost four weeks now. About 15,000 Romanians gathered in Bucharest, the capital of the country, to voice their disapproval of a new mining project by Gabriel Resources Ltd. (TSE:GBU). The principal reason behind this resistance is an environmental concern; the mining project will disrupt four mountains and three surrounding villages in the area of Rosia Montana. Largest protests since 1990s Romania has a population of 21.3 million and is currently witnessing the largest protests since the 1990s. The Rosia Montana gold mine was given “national interest status,” according to a draft…