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Sika acquires Market Leader in Roofing and Waterproofing Systems in Romania

Sika has agreed to acquire Arcon Membrane Srl, a leading manufacturer of roofing and waterproofing systems in Romania. By acquiring Arcon, Sika will significantly strengthen its position in the Romanian market and extend its product portfolio to meet the increasing demand for complete solutions in the roofing and waterproofing markets. The acquired business generates annual sales of CHF 23 million. The transaction is subject to approval by the Romanian anti-trust authority.

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Eldorado announces new Exploration Projects in Romania, Serbia and Brazil

Eldorado Gold Corporation, ("Eldorado" or "the Company") announces plans at four new exploration projects.

  • The large Bolcana porphyry copper-gold system in Romania, recently acquired through public auction, provides a new opportunity contiguous with the Company's growing land package in the highly prospective Apuseni mining district in Romania.
  • The Borborema and Nazareno gold projects in Brazil will be explored under an option agreement with Votorantim Metais. These new projects expand the Brazilian exploration portfolio into two regions with proven metallogenic potential, and establishes a partnership with a highly respected local mining company with a long history of discovery and mine development.
  • The Karavansalija Mineralized Centre project in Serbia is a large skarn and epithermal system with multiple mineralized zones and untested targets, and provides an entry into this emerging mining-friendly jurisdiction.
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Gabriel Resources files for international Arbitration against Romania

Gabriel Resources Ltd. (“Gabriel” or the “Company”) announced that it has filed a request for arbitration before the World Bank's International Centre for Settlement of Investment Disputes ("ICSID") against Romania (“Request for Arbitration”). This action relates to the Company’s dispute with Romania over the development of the Roşia Montană gold and silver project (“Project”), of which Gabriel holds an indirect 80.69% interest, and violations by the Government of Romania of the protections afforded by the Treaties1.

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