Romania wins legal battle against a Canadian miner over failed plans to open a gold mine ...Middle East

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Romania wins legal battle against a Canadian miner over failed plans to open a gold mine
source : canadian news today ( Middle East ) () 15
BUCHAREST, Romania – The Romanian government has won a yearslong legal dispute with a Canadian mining company seeking damages over failed plans to open a gold and silver mine in the Eastern European country. Gabriel Resources was seeking US$4.4 billion (four billion euros) in damages from the Romanian state, which owned a 20 per cent stake in the mining project in Rosia Montana, a mountainous western region that contains some of Europe’s largest gold deposits. The Romanian government withdrew its support for the project in 2014. The government said that the ruling late Friday by the Washington-based International Centre for Settlement of Investment Disputes ordered Gabriel

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